Gould Capital LLC Sells 775 Shares of American Water Works Company, Inc. (NYSE:AWK)

Gould Capital LLC reduced its position in American Water Works Company, Inc. (NYSE:AWK) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 22,669 shares of the utilities provider’s stock after selling 775 shares during the quarter. American Water Works comprises 2.2% of Gould Capital LLC’s investment portfolio, making the stock its 18th largest holding. Gould Capital LLC’s holdings in American Water Works were worth $3,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wulff Hansen & CO. increased its position in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Groupama Asset Managment raised its position in shares of American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares during the last quarter. International Assets Investment Management LLC boosted its stake in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after purchasing an additional 384,836 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research reports. Jefferies Financial Group started coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Bank of America reiterated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Down 1.3 %

Shares of AWK stock opened at $130.70 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a 50 day moving average of $137.42 and a 200 day moving average of $137.87. The stock has a market cap of $25.47 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.08 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

American Water Works 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.