Bangor Savings Bank Sells 539 Shares of American Water Works Company, Inc. (NYSE:AWK)

Bangor Savings Bank lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,156 shares of the utilities provider’s stock after selling 539 shares during the quarter. Bangor Savings Bank’s holdings in American Water Works were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its position in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in American Water Works during the third quarter valued at approximately $51,000. Assetmark Inc. raised its position in American Water Works by 31.7% in 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 period. Raleigh Capital Management Inc. boosted its stake in shares of American Water Works by 446.2% during the 3rd 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 grew its position in shares of American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $133.00 to $129.00 in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, 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 on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $141.00.

American Water Works Trading Down 1.6 %

AWK stock opened at $121.82 on Tuesday. 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 1-year low of $113.34 and a 1-year high of $150.68. The business has a 50 day simple moving average of $131.69 and a two-hundred day simple moving average of $137.48. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.03 and a beta of 0.71.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.51%. American Water Works’s payout ratio is 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.