UMB Bank n.a. Sells 2,637 Shares of American Water Works Company, Inc. (NYSE:AWK)

UMB Bank n.a. decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,308 shares of the utilities provider’s stock after selling 2,637 shares during the quarter. UMB Bank n.a.’s holdings in American Water Works were worth $1,657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC lifted its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after buying an additional 90 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of American Water Works in the third quarter worth $51,000. Assetmark Inc. grew its stake in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of several research reports. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Three research 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. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $141.00.

American Water Works Trading Up 0.3 %

Shares of NYSE AWK opened at $126.69 on Tuesday. The business’s 50 day moving average price is $129.44 and its 200-day moving average price is $137.08. The company has a market cap of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71. 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 Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68.

American Water Works Dividend Announcement

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 $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.42%. 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.