Allianz Asset Management GmbH lowered its stake in shares of American Water Works (NYSE:AWK) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,878 shares of the utilities provider’s stock after selling 54,523 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.41% of American Water Works worth $59,621,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Rothschild Asset Management Inc. boosted its holdings in American Water Works by 4.8% in the second quarter. Rothschild Asset Management Inc. now owns 7,324 shares of the utilities provider’s stock worth $571,000 after purchasing an additional 334 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of American Water Works by 1.4% during the second quarter. CIBC Asset Management Inc now owns 21,510 shares of the utilities provider’s stock valued at $1,677,000 after acquiring an additional 294 shares during the period. Sei Investments Co. boosted its holdings in shares of American Water Works by 19.6% during the second quarter. Sei Investments Co. now owns 149,055 shares of the utilities provider’s stock valued at $11,620,000 after acquiring an additional 24,419 shares during the period. ARP Americas LLC acquired a new position in shares of American Water Works during the second quarter valued at $296,000. Finally, IFP Advisors Inc boosted its holdings in shares of American Water Works by 4.1% during the second quarter. IFP Advisors Inc now owns 7,121 shares of the utilities provider’s stock valued at $555,000 after acquiring an additional 278 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.
Shares of American Water Works (NYSE AWK) opened at $90.66 on Wednesday. American Water Works has a one year low of $69.96 and a one year high of $91.97. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. The firm has a market cap of $16,289.24, a PE ratio of 31.49, a P/E/G ratio of 4.01 and a beta of 0.27.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, November 9th. American Water Works’s dividend payout ratio is currently 56.27%.
In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the completion of the sale, the chief operating officer now owns 97,667 shares in the company, valued at $8,785,146.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,856 shares of company stock worth $616,700. Company insiders own 0.34% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and set a $82.00 price target on shares of American Water Works in a report on Sunday, October 1st. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Bank of America assumed coverage on shares of American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, Wells Fargo & Company set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.63.
About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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