M&G PLC Sells 10,303 Shares of American Water Works Company, Inc. $AWK

M&G PLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 545,240 shares of the utilities provider’s stock after selling 10,303 shares during the quarter. M&G PLC owned 0.28% of American Water Works worth $75,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust purchased a new stake in American Water Works in the 3rd quarter worth $26,000. Grey Fox Wealth Advisors LLC bought a new position in American Water Works in the 3rd quarter worth approximately $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in American Water Works in the 3rd quarter worth approximately $28,000. Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the 2nd quarter valued at approximately $29,000. Finally, Cloud Capital Management LLC bought a new stake in shares of American Water Works during the third quarter valued at approximately $29,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Up 4.1%

Shares of NYSE AWK opened at $133.62 on Monday. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 3.10 and a beta of 0.77. American Water Works Company, Inc. has a 12-month low of $121.28 and a 12-month high of $155.50. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $129.68 and its 200-day moving average price is $134.86.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s payout ratio is currently 58.17%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group set a $149.00 target price on shares of American Water Works in a research note on Wednesday, December 17th. Wells Fargo & Company dropped their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Barclays reduced their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. Finally, Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and raised their price target for the company from $117.00 to $139.00 in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.89.

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.