American Water Works Company, Inc. (NYSE:AWK) Stock Holdings Lessened by Tidal Investments LLC

Tidal Investments LLC lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,305 shares of the utilities provider’s stock after selling 3,540 shares during the period. Tidal Investments LLC’s holdings in American Water Works were worth $3,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. ORG Partners LLC acquired a new position in American Water Works in the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC boosted its position in 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 period. Hantz Financial Services Inc. bought a new position in American Water Works during the 2nd quarter worth $46,000. Ashton Thomas Securities LLC acquired a new stake in American Water Works in the third quarter worth $51,000. Finally, Assetmark Inc. lifted its stake in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.7 %

AWK opened at $129.59 on Friday. The stock’s fifty day moving average is $136.27 and its 200-day moving average is $137.88. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a market capitalization of $25.26 billion, a PE ratio of 25.66, a P/E/G ratio of 3.03 and a beta of 0.70. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AWK shares. Mizuho lowered shares of 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 report on Tuesday, October 15th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.29.

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.