American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,791 shares of the utilities provider’s stock after selling 1,821 shares during the quarter. Park Avenue Securities LLC’s holdings in American Water Works were worth $1,966,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC boosted its position in American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 75 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 79 shares in the last quarter. Invesco LLC grew its holdings in shares of American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.00.

American Water Works Price Performance

Shares of NYSE AWK opened at $126.69 on Friday. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71. The company’s 50-day moving average price is $129.44 and its 200 day moving average price is $136.96. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

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