ABN Amro Investment Solutions Sells 15,709 Shares of American Water Works Company, Inc. $AWK

ABN Amro Investment Solutions decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,663 shares of the utilities provider’s stock after selling 15,709 shares during the period. ABN Amro Investment Solutions owned approximately 0.11% of American Water Works worth $29,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its holdings in American Water Works by 11.5% during the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP grew its holdings in shares of American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in American Water Works in the 2nd quarter valued at approximately $302,000. CWM LLC lifted its stake in American Water Works by 25.7% in the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 3,589 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in American Water Works by 36.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,809 shares of the utilities provider’s stock valued at $669,000 after acquiring an additional 1,277 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AWK. UBS Group set a $149.00 price objective on shares of American Water Works in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and raised their target price for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Finally, Mizuho set a $145.00 price objective on American Water Works in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.89.

American Water Works Stock Up 4.1%

AWK opened at $133.62 on Friday. The stock’s fifty day simple moving average is $129.68 and its 200 day simple moving average is $134.90. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $155.50. The stock has a market cap of $26.08 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.77. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio is currently 58.17%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.