Sanibel Captiva Trust Company Inc. Sells 143 Shares of American Water Works Company, Inc. (NYSE:AWK)

Sanibel Captiva Trust Company Inc. trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,485 shares of the utilities provider’s stock after selling 143 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in American Water Works were worth $807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Merit Financial Group LLC acquired a new position in American Water Works during the fourth quarter valued at approximately $419,000. Relyea Zuckerberg Hanson LLC raised its stake in shares of American Water Works by 10.9% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,050 shares of the utilities provider’s stock worth $629,000 after purchasing an additional 498 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $2,638,000. Empirical Asset Management LLC acquired a new position in American Water Works during the fourth quarter worth $1,465,000. Finally, Mirador Capital Partners LP raised its position in American Water Works by 2.7% during the fourth quarter. Mirador Capital Partners LP now owns 8,554 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 221 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE:AWK opened at $126.69 on Friday. 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 fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a 50 day simple moving average of $129.44 and a two-hundred day simple moving average of $136.96. The company has a market capitalization of $24.69 billion, a PE ratio of 25.09, a P/E/G ratio of 2.61 and a beta of 0.71.

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 dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.00.

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.