Clear Harbor Asset Management LLC Has $25.19 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Clear Harbor Asset Management LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,340 shares of the utilities provider’s stock after selling 5,096 shares during the period. American Water Works makes up 2.0% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Clear Harbor Asset Management LLC owned about 0.10% of American Water Works worth $25,189,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of American Water Works by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 718,178 shares of the utilities provider’s stock worth $92,761,000 after purchasing an additional 70,205 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of American Water Works by 8.4% in the 2nd quarter. Blair William & Co. IL now owns 11,516 shares of the utilities provider’s stock worth $1,487,000 after buying an additional 897 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of American Water Works during the 2nd quarter valued at $875,000. Pacer Advisors Inc. lifted its holdings in shares of American Water Works by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 13,812 shares of the utilities provider’s stock worth $1,784,000 after acquiring an additional 635 shares during the last quarter. Finally, Sei Investments Co. increased its stake in American Water Works by 201.9% in the second quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock valued at $56,264,000 after acquiring an additional 291,315 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. 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, the company currently has an average rating of “Hold” and an average target price of $141.00.

American Water Works Stock Up 0.3 %

Shares of NYSE AWK opened at $126.69 on Tuesday. The firm’s fifty day moving average is $129.44 and its 200 day moving average is $137.08. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a market cap of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.73 and a beta of 0.71.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

American Water Works 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.