American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 36.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,973 shares of the utilities provider's stock after selling 111,788 shares during the quarter. Wellington Management Group LLP owned 0.10% of American Water Works worth $27,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of American Water Works in the 2nd quarter worth $30,000. Catalyst Capital Advisors LLC lifted its stake in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 182 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works during the 2nd quarter valued at $46,000. Ashton Thomas Securities LLC purchased a new position in American Water Works during the 3rd quarter valued at about $51,000. Finally, Assetmark Inc. grew its holdings in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK stock traded down $1.00 on Friday, reaching $129.55. The company's stock had a trading volume of 346,914 shares, compared to its average volume of 1,202,567. The stock's fifty day simple moving average is $136.53 and its 200-day simple moving average is $137.79. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.36%. American Water Works's dividend payout ratio (DPR) is 60.59%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AWK. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price on the stock. UBS Group raised 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 report on Tuesday, November 19th. Wolfe Research raised American Water Works to a "hold" rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.29.

About American Water Works

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.