American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,992 shares of the utilities provider’s stock after selling 644 shares during the period. Continuum Advisory LLC’s holdings in American Water Works were worth $876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC lifted its stake in American Water Works by 10.6% during the third quarter. LRI Investments LLC now owns 1,411 shares of the utilities provider’s stock valued at $206,000 after buying an additional 135 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of American Water Works by 4,227.0% during the third 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. Nomura Asset Management Co. Ltd. lifted its stake in American Water Works by 22.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 169,033 shares of the utilities provider’s stock worth $24,719,000 after acquiring an additional 30,528 shares in the last quarter. MML Investors Services LLC boosted its position in American Water Works by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 12,731 shares of the utilities provider’s stock worth $1,862,000 after acquiring an additional 2,401 shares during the period. Finally, Northeast Financial Consultants Inc purchased a new position in American Water Works during the 3rd quarter valued at about $219,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AWK has been the subject of several research reports. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Wolfe Research raised American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Jefferies Financial Group started 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 on the stock. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $142.29.

American Water Works Stock Performance

AWK opened at $130.70 on Tuesday. The stock has a market cap of $25.47 billion, a PE ratio of 25.88, a P/E/G ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The stock’s 50 day simple moving average is $137.42 and its 200-day simple moving average is $137.87. 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 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. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.34%. American Water Works’s payout ratio is presently 60.59%.

American Water Works 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.