Boston Common Asset Management LLC Sells 3,973 Shares of American Water Works Company, Inc. (NYSE:AWK)

Boston Common Asset Management LLC decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,777 shares of the utilities provider’s stock after selling 3,973 shares during the period. Boston Common Asset Management LLC’s holdings in American Water Works were worth $23,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of American Water Works by 1.9% during the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after buying an additional 43,754 shares during the period. Nordea Investment Management AB boosted its holdings in American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after acquiring an additional 125,128 shares during the period. Allspring Global Investments Holdings LLC grew its position in American Water Works by 6.8% during 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 acquiring an additional 143,914 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWK. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Bank of America restated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. UBS Group upgraded 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 initiated coverage on 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 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 a consensus price target of $141.00.

American Water Works Trading Up 0.2 %

Shares of NYSE:AWK traded up $0.25 on Friday, hitting $126.61. The company had a trading volume of 151,901 shares, compared to its average volume of 930,691. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $129.76 and its two-hundred day simple moving average is $137.04. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.61 and a beta of 0.71.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given 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 2.42%. American Water Works’s payout ratio is 60.59%.

About American Water Works

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.