Northcape Wealth Management LLC Sells 3,880 Shares of American Water Works Company, Inc. (NYSE:AWK)

Northcape Wealth Management LLC decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,227 shares of the utilities provider’s stock after selling 3,880 shares during the period. Northcape Wealth Management LLC’s holdings in American Water Works were worth $1,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lake Street Advisors Group LLC lifted its stake in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the last quarter. Invesco LLC raised its holdings in shares of American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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 purchasing an additional 89 shares in the last quarter. Finally, Brookfield Corp ON boosted its holdings in American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 1.2 %

American Water Works stock opened at $127.12 on Wednesday. The stock has a 50-day simple moving average of $125.04 and a 200 day simple moving average of $135.06. The stock has a market capitalization of $24.77 billion, a P/E ratio of 25.17, a PEG ratio of 2.62 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 dividend yield of 2.41%. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Ratings Changes

Several brokerages have commented on AWK. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.00.

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.