Trillium Asset Management LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 232,962 shares of the utilities provider’s stock after selling 42,724 shares during the quarter. American Water Works accounts for about 0.9% of Trillium Asset Management LLC’s holdings, making the stock its 27th biggest holding. Trillium Asset Management LLC’s holdings in American Water Works were worth $30,677,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of AWK. Norges Bank acquired a new position in shares of American Water Works during the fourth quarter valued at about $337,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of American Water Works by 383.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after acquiring an additional 2,058,656 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of American Water Works by 38.0% during the fourth quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock valued at $311,487,000 after acquiring an additional 657,849 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of American Water Works by 2.3% during the third quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock valued at $3,650,543,000 after acquiring an additional 597,916 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of American Water Works during the fourth quarter valued at about $69,855,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Price Performance
Shares of NYSE:AWK opened at $126.25 on Friday. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The company’s 50 day moving average is $128.50 and its 200 day moving average is $130.65. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The company has a market cap of $24.65 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62.
American Water Works Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were given a $0.895 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 annualized dividend and a yield of 2.8%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is currently 63.48%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on AWK shares. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Truist Financial cut their price target on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Finally, Wells Fargo & Company set a $131.00 price target on shares of American Water Works in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $138.11.
Check Out Our Latest Research Report on American Water Works
American Water Works Company 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.
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