RFG Advisory LLC Sells 1,216 Shares of American Water Works Company, Inc. (NYSE:AWK)

RFG Advisory LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,999 shares of the utilities provider’s stock after selling 1,216 shares during the period. RFG Advisory LLC’s holdings in American Water Works were worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Shilanski & Associates Inc. lifted its holdings in American Water Works by 0.4% in the 4th quarter. Shilanski & Associates Inc. now owns 26,276 shares of the utilities provider’s stock worth $3,271,000 after buying an additional 105 shares during the period. Inspire Investing LLC raised its holdings in shares of American Water Works by 5.9% during the fourth quarter. Inspire Investing LLC now owns 2,073 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 115 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in American Water Works by 13.0% in the fourth quarter. Wesbanco Bank Inc. now owns 77,492 shares of the utilities provider’s stock worth $9,647,000 after acquiring an additional 8,930 shares during the period. Janney Montgomery Scott LLC boosted its holdings in American Water Works by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 103,548 shares of the utilities provider’s stock valued at $12,891,000 after acquiring an additional 812 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in American Water Works by 4.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,789 shares of the utilities provider’s stock valued at $1,717,000 after purchasing an additional 551 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Down 0.1 %

Shares of American Water Works stock opened at $121.67 on Friday. The company has a 50-day simple moving average of $128.48 and a two-hundred day simple moving average of $136.78. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a market capitalization of $23.71 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71.

American Water Works Dividend Announcement

The firm also recently announced 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 yield of 2.51%. American Water Works’s dividend payout ratio is 60.59%.

Wall Street Analyst Weigh In

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