American Water Works Company, Inc. (NYSE:AWK) Holdings Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.6% in the 3rd quarter, Holdings Channel reports. The fund owned 15,371 shares of the utilities provider’s stock after selling 736 shares during the period. Gulf International Bank UK Ltd’s holdings in American Water Works were worth $2,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC lifted its position in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. QRG Capital Management Inc. increased its stake in American Water Works by 9.8% in the 3rd quarter. QRG Capital Management Inc. now owns 6,768 shares of the utilities provider’s stock valued at $990,000 after buying an additional 603 shares during the period. Asset Management One Co. Ltd. lifted its position in American Water Works by 17.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock worth $17,981,000 after buying an additional 18,143 shares in the last quarter. Nvwm LLC boosted its stake in shares of American Water Works by 160,200.0% during the 3rd quarter. Nvwm LLC now owns 11,221 shares of the utilities provider’s stock valued at $1,641,000 after buying an additional 11,214 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of American Water Works by 4.4% during the 3rd quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after acquiring an additional 2,269 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Finally, Bank of America reiterated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price of $140.00.

American Water Works Trading Down 2.6 %

Shares of AWK stock opened at $133.61 on Thursday. The business’s 50 day moving average is $142.39 and its two-hundred day moving average is $136.79. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a market cap of $26.04 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.27 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.29%. American Water Works’s dividend payout ratio (DPR) is presently 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.