1ST Source Bank Lowers Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

1ST Source Bank lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,368 shares of the utilities provider’s stock after selling 716 shares during the period. 1ST Source Bank’s holdings in American Water Works were worth $2,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in American Water Works by 21.6% in the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after purchasing an additional 5,564 shares during the period. Swedbank AB lifted its position in shares of American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after acquiring an additional 42,094 shares during the period. Boston Trust Walden Corp lifted its position in shares of American Water Works by 350.4% during the 2nd quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock valued at $1,338,000 after acquiring an additional 8,060 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of American Water Works during the 2nd quarter valued at approximately $1,610,000. Finally, Pathstone Holdings LLC lifted its position in shares of American Water Works by 11.3% during the 3rd quarter. Pathstone Holdings LLC now owns 48,618 shares of the utilities provider’s stock valued at $7,110,000 after acquiring an additional 4,944 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Down 0.5 %

Shares of NYSE AWK traded down $0.64 during trading on Friday, hitting $129.91. 120,846 shares of the company traded hands, compared to its average volume of 1,201,631. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a 50-day moving average price of $136.53 and a 200-day moving average price of $137.79. The firm has a market capitalization of $25.32 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.03 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.36%. American Water Works’s payout ratio is 60.59%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AWK. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. 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 objective for the company. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Finally, UBS Group raised shares of 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 research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus price target of $142.29.

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.