Dearborn Partners LLC Trims Holdings in American Water Works Company, Inc. (NYSE:AWK)

Dearborn Partners LLC lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 223,064 shares of the utilities provider’s stock after selling 6,042 shares during the quarter. Dearborn Partners LLC owned approximately 0.11% of American Water Works worth $32,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after acquiring an additional 624,977 shares during the period. Impax Asset Management Group plc raised its holdings in American Water Works by 3.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after purchasing an additional 247,745 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Mirova US LLC boosted its stake in shares of American Water Works by 2.1% during the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after purchasing an additional 32,764 shares in the last quarter. Finally, Wulff Hansen & CO. increased its position in shares of American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research analyst reports. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Finally, Bank of America restated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.00.

American Water Works Trading Down 0.2 %

NYSE AWK opened at $132.11 on Friday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average price is $141.44 and its 200-day moving average price is $137.25. The stock has a market cap of $25.75 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.08 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) 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.