Bangor Savings Bank Trims Stake in American Water Works Company, Inc. (NYSE:AWK)

Bangor Savings Bank lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,156 shares of the utilities provider’s stock after selling 539 shares during the quarter. Bangor Savings Bank’s holdings in American Water Works were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after buying an additional 43,754 shares during the period. Nordea Investment Management AB increased its stake in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in American Water Works by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares during the period. Finally, Wulff Hansen & CO. boosted its stake in American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after acquiring an additional 1,453,334 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $133.00 to $129.00 in a research report on Tuesday. Three investment 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’s stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus target price of $141.00.

American Water Works Trading Down 1.6 %

American Water Works stock opened at $121.82 on Tuesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s fifty day moving average is $131.69 and its 200 day moving average is $137.48. The stock has a market capitalization of $23.74 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 2.51%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio 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.