Foresight Group Ltd Liability Partnership Cuts Stock Position in American Water Works Company, Inc. $AWK

Foresight Group Ltd Liability Partnership reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 6.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 110,802 shares of the utilities provider’s stock after selling 8,033 shares during the quarter. American Water Works accounts for approximately 2.3% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 18th largest holding. Foresight Group Ltd Liability Partnership owned 0.06% of American Water Works worth $15,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. American National Bank & Trust bought a new position in American Water Works in the 3rd quarter worth $26,000. Grey Fox Wealth Advisors LLC purchased a new position in American Water Works during the third quarter valued at $27,000. Concord Wealth Partners bought a new position in American Water Works in the 2nd quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Water Works during the third quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the 2nd quarter valued at $29,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Down 0.9%

Shares of AWK stock opened at $123.20 on Tuesday. The stock has a 50 day moving average of $129.87 and a 200 day moving average of $135.21. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50. The stock has a market cap of $24.05 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.89 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s payout ratio is currently 58.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Mizuho set a $145.00 price target on American Water Works in a research report on Tuesday, October 28th. Barclays decreased their price target on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and upped their price target for the company from $114.00 to $124.00 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average target price of $140.89.

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.