Glenmede Trust Co. NA Trims Holdings in American Water Works Company, Inc. (NYSE:AWK)

Glenmede Trust Co. NA reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,679 shares of the utilities provider’s stock after selling 1,451 shares during the quarter. Glenmede Trust Co. NA’s holdings in American Water Works were worth $3,463,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wulff Hansen & CO. boosted its position in shares of American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after acquiring an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. raised its stake in American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares during the period. International Assets Investment Management LLC boosted its holdings in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of American Water Works by 631.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of American Water Works by 201.9% during the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after buying an additional 291,315 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AWK. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Bank of America reiterated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Four investment 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, American Water Works has a consensus rating of “Hold” and an average target price of $142.29.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $136.94 on Friday. The business has a 50-day simple moving average of $138.92 and a 200-day simple moving average of $137.86. The company has a market cap of $26.69 billion, a PE ratio of 27.12, a P/E/G ratio of 3.22 and a beta of 0.70. 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 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio is presently 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.