Ballentine Partners LLC Has $2.08 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Ballentine Partners LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,682 shares of the utilities provider’s stock after selling 165 shares during the quarter. Ballentine Partners LLC’s holdings in American Water Works were worth $2,077,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after buying an additional 1,321,320 shares in the last quarter. Groupama Asset Managment raised its stake in shares of American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after buying an additional 534,411 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after buying an additional 391,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of American Water Works by 631.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 0.2 %

Shares of NYSE:AWK opened at $126.31 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s 50-day moving average price is $129.28 and its two-hundred day moving average price is $137.07. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market cap of $24.62 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.73 and a beta of 0.71.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Analysts Set New Price Targets

AWK has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $141.00.

About American Water Works

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.