American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 15.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,902 shares of the utilities provider's stock after selling 18,905 shares during the period. Brown Brothers Harriman & Co. owned about 0.05% of American Water Works worth $15,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC raised its position in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after acquiring an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the 3rd quarter worth about $51,000. Hantz Financial Services Inc. acquired a new stake in shares of American Water Works during the 2nd quarter valued at about $46,000. Finally, Assetmark Inc. increased its stake in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE:AWK traded down $0.55 during midday trading on Monday, hitting $136.76. The company had a trading volume of 4,339,196 shares, compared to its average volume of 1,212,738. The business's 50-day simple moving average is $140.05 and its 200-day simple moving average is $137.76. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. 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 twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.24%. American Water Works's dividend payout ratio (DPR) is 60.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They issued an "underperform" rating and a $124.00 price objective for the company. Mizuho downgraded shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wolfe Research raised shares of American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Finally, Bank of America reiterated an "underperform" rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $142.29.

Insider Activity

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now owns 36,880 shares of the company's stock, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company's stock.

American Water Works Company 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.