Cidel Asset Management Inc. Decreases Stock Holdings in American Water Works Company, Inc. $AWK

Cidel Asset Management Inc. decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,570 shares of the utilities provider’s stock after selling 5,462 shares during the period. Cidel Asset Management Inc.’s holdings in American Water Works were worth $3,142,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Assetmark Inc. lifted its holdings in shares of American Water Works by 30.0% during the 3rd quarter. Assetmark Inc. now owns 2,628 shares of the utilities provider’s stock valued at $366,000 after buying an additional 607 shares during the period. Public Sector Pension Investment Board increased its position in American Water Works by 6.1% during the third quarter. Public Sector Pension Investment Board now owns 42,555 shares of the utilities provider’s stock valued at $5,923,000 after acquiring an additional 2,456 shares during the last quarter. Atria Investments Inc lifted its holdings in American Water Works by 4.3% in the third quarter. Atria Investments Inc now owns 23,897 shares of the utilities provider’s stock valued at $3,326,000 after acquiring an additional 976 shares during the period. ICW Investment Advisors LLC boosted its position in American Water Works by 14.8% in the third quarter. ICW Investment Advisors LLC now owns 3,837 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 495 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of American Water Works by 62.6% during the 3rd quarter. Wedbush Securities Inc. now owns 14,207 shares of the utilities provider’s stock valued at $1,977,000 after purchasing an additional 5,469 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AWK. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Barclays cut their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Mizuho set a $145.00 target price on American Water Works in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company reduced their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.89.

American Water Works Stock Up 4.1%

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

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. 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.