Robeco Institutional Asset Management B.V. Reduces Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Robeco Institutional Asset Management B.V. trimmed its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,675 shares of the utilities provider's stock after selling 11,897 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in American Water Works were worth $5,948,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. ORG Partners LLC bought a new position in shares of American Water Works in the second quarter valued at $30,000. Central Pacific Bank Trust Division bought a new position in shares of American Water Works during the first quarter valued at about $41,000. Hantz Financial Services Inc. bought a new position in shares of American Water Works during the second quarter valued at about $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of American Water Works during the second quarter valued at about $50,000. Finally, Larson Financial Group LLC lifted its position in shares of American Water Works by 61.9% during the first quarter. Larson Financial Group LLC now owns 510 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 195 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of recent research reports. Bank of America restated an "underperform" rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price on the stock. Finally, Wells Fargo & Company cut American Water Works from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, American Water Works currently has an average rating of "Hold" and a consensus price target of $140.00.

American Water Works Trading Up 2.4 %

NYSE AWK traded up $3.18 during trading on Friday, hitting $136.02. 546,616 shares of the company's stock traded hands, compared to its average volume of 1,196,908. The stock has a fifty day moving average of $142.39 and a two-hundred day moving average of $136.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The firm has a market cap of $26.51 billion, a P/E ratio of 26.31, a PEG ratio of 3.25 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, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.25%. American Water Works's dividend payout ratio is currently 60.59%.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

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.