American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,253 shares of the utilities provider’s stock after selling 384 shares during the quarter. Anchor Investment Management LLC’s holdings in American Water Works were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in American Water Works by 23.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,943 shares of the utilities provider’s stock worth $380,000 after buying an additional 564 shares in the last quarter. ORG Partners LLC acquired a new position in shares of American Water Works in the second quarter worth about $30,000. Blue Trust Inc. boosted its stake in shares of American Water Works by 68.8% during the 2nd quarter. Blue Trust Inc. now owns 508 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 207 shares in the last quarter. Everpar Advisors LLC acquired a new stake in shares of American Water Works during the 2nd quarter valued at about $420,000. Finally, Boston Trust Walden Corp increased its stake in shares of American Water Works by 350.4% in the 2nd quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock valued at $1,338,000 after purchasing an additional 8,060 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock opened at $129.61 on Friday. The company has a fifty day simple moving average of $136.27 and a 200-day simple moving average of $137.80. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.03 and a beta of 0.70. 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 52-week low of $113.34 and a 52-week high of $150.68.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.36%. American Water Works’s dividend payout ratio is presently 60.59%.

Analyst Ratings Changes

AWK has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America reiterated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, 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. Four 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.com, the stock has a consensus rating of “Hold” and an average target price of $142.29.

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.