American Water Works Company, Inc. (NYSE:AWK) Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,153 shares of the utilities provider’s stock after selling 857 shares during the quarter. SFE Investment Counsel’s holdings in American Water Works were worth $5,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Crews Bank & Trust acquired a new stake in American Water Works in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC grew its holdings in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in American Water Works during the 4th quarter worth $48,000. Rosenberg Matthew Hamilton increased its stake in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in American Water Works in the 3rd quarter worth $51,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AWK shares. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.38.

American Water Works Stock Down 0.0 %

Shares of American Water Works stock opened at $125.06 on Thursday. The business has a 50-day moving average price of $125.38 and a 200 day moving average price of $135.47. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The firm has a market cap of $24.37 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.62 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.