Quantum Private Wealth LLC Trims Holdings in American Water Works Company, Inc. (NYSE:AWK)

Quantum Private Wealth LLC cut its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,931 shares of the utilities provider’s stock after selling 688 shares during the quarter. Quantum Private Wealth LLC’s holdings in American Water Works were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AWK. Victory Capital Management Inc. lifted its stake in shares of American Water Works by 1,131.1% during the 3rd 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. Groupama Asset Managment grew its position in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares during the period. International Assets Investment Management LLC increased its stake in American Water Works by 14,944.4% in the third 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. Confluence Investment Management LLC lifted its position in American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after buying an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in 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 worth $65,192,000 after buying an additional 384,836 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Price Performance

American Water Works stock opened at $125.76 on Friday. The firm has a fifty day moving average of $125.14 and a 200-day moving average of $135.31. 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 firm has a market capitalization of $24.51 billion, a P/E ratio of 24.90, a PEG ratio of 2.62 and a beta of 0.72.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. 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 report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $139.38.

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.