Gulf International Bank UK Ltd reduced its position in American Water Works Company Inc (NYSE:AWK) by 30.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,915 shares of the utilities provider’s stock after selling 17,909 shares during the period. Gulf International Bank UK Ltd’s holdings in American Water Works were worth $3,713,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Moody National Bank Trust Division grew its holdings in American Water Works by 26.7% during the 4th quarter. Moody National Bank Trust Division now owns 665 shares of the utilities provider’s stock valued at $61,000 after buying an additional 140 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in American Water Works by 0.8% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,860 shares of the utilities provider’s stock valued at $1,440,000 after buying an additional 125 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in American Water Works by 27.8% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 2,300 shares of the utilities provider’s stock valued at $202,000 after buying an additional 500 shares during the last quarter. Federated Investors Inc. PA grew its holdings in American Water Works by 9,419.3% during the 3rd quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock valued at $81,221,000 after buying an additional 913,581 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in American Water Works during the 3rd quarter valued at $5,393,000. 82.76% of the stock is owned by hedge funds and other institutional investors.
AWK stock opened at $90.64 on Friday. American Water Works Company Inc has a 52-week low of $76.04 and a 52-week high of $98.18. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46. The firm has a market cap of $16.07 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.19 and a beta of 0.21.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio (DPR) is currently 60.07%.
In related news, Director Karl F. Kurz acquired 1,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $91.30 per share, with a total value of $91,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $91.69, for a total value of $458,450.00. Following the completion of the transaction, the chief operating officer now directly owns 107,031 shares in the company, valued at $9,813,672.39. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
AWK has been the topic of a number of analyst reports. Zacks Investment Research reiterated a “buy” rating and set a $104.00 target price on shares of American Water Works in a report on Monday, December 31st. Robert W. Baird raised their price objective on American Water Works from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, December 12th. Wells Fargo & Co restated a “buy” rating on shares of American Water Works in a report on Wednesday, January 2nd. Janney Montgomery Scott raised their price objective on American Water Works from $96.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, December 12th. Finally, ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $95.22.
About American Water Works
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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