Claro Advisors LLC Trims Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Claro Advisors LLC cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,480 shares of the utilities provider’s stock after selling 910 shares during the quarter. Claro Advisors LLC’s holdings in American Water Works were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its stake in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in American Water Works during the third quarter worth about $51,000. Assetmark Inc. increased its stake in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 348 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its stake in American Water Works by 25.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 96 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.2 %

NYSE AWK opened at $120.90 on Tuesday. The company has a market capitalization of $23.56 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s fifty day moving average price is $130.25 and its two-hundred day moving average price is $137.18.

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 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

Analysts Set New Price Targets

Several brokerages have commented on AWK. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Three equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $141.00.

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.