PFG Investments LLC Sells 681 Shares of American Water Works Company, Inc. (NYSE:AWK)

PFG Investments LLC lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 13,580 shares of the utilities provider’s stock after selling 681 shares during the period. PFG Investments LLC’s holdings in American Water Works were worth $1,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWK. Archford Capital Strategies LLC increased its stake in American Water Works by 1.4% in the 4th quarter. Archford Capital Strategies LLC now owns 14,442 shares of the utilities provider’s stock worth $1,798,000 after acquiring an additional 200 shares during the last quarter. Lantz Financial LLC purchased a new position in shares of American Water Works during the fourth quarter worth about $1,005,000. Exchange Traded Concepts LLC increased its position in shares of American Water Works by 37.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 23,609 shares of the utilities provider’s stock worth $2,939,000 after purchasing an additional 6,454 shares during the last quarter. St. Johns Investment Management Company LLC raised its stake in American Water Works by 3.4% in the fourth quarter. St. Johns Investment Management Company LLC now owns 3,231 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 105 shares in the last quarter. Finally, Shilanski & Associates Inc. lifted its position in American Water Works by 0.4% during the fourth quarter. Shilanski & Associates Inc. now owns 26,276 shares of the utilities provider’s stock valued at $3,271,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AWK shares. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective 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, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $141.00.

American Water Works Stock Up 6.9 %

AWK opened at $130.03 on Tuesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $128.48 and its 200-day moving average price is $136.85. The company has a market cap of $25.34 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.62 and a beta of 0.71.

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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.35%. American Water Works’s payout ratio is currently 60.59%.

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.