Dearborn Partners LLC Sells 6,042 Shares of American Water Works Company, Inc. (NYSE:AWK)

Dearborn Partners LLC trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 223,064 shares of the utilities provider's stock after selling 6,042 shares during the period. Dearborn Partners LLC owned approximately 0.11% of American Water Works worth $32,621,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sycomore Asset Management raised its stake in shares of American Water Works by 121.1% during the third quarter. Sycomore Asset Management now owns 23,553 shares of the utilities provider's stock worth $3,372,000 after buying an additional 12,901 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in American Water Works by 6.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,352 shares of the utilities provider's stock worth $783,000 after acquiring an additional 306 shares in the last quarter. KBC Group NV grew its position in shares of American Water Works by 3.1% in the 3rd quarter. KBC Group NV now owns 508,685 shares of the utilities provider's stock valued at $74,390,000 after purchasing an additional 15,457 shares during the period. Schrum Private Wealth Management LLC increased its holdings in American Water Works by 60.5% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 24,764 shares of the utilities provider's stock worth $3,622,000 after purchasing an additional 9,330 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in American Water Works by 1.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 31,280 shares of the utilities provider's stock valued at $4,574,000 after acquiring an additional 352 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction on 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 owns 36,880 shares of the company's stock, valued at $5,268,308. The trade was a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company cut American Water Works from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Mizuho downgraded 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. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They set an "underperform" rating and a $124.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, Bank of America restated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, American Water Works has a consensus rating of "Hold" and a consensus price target of $140.00.

American Water Works Trading Up 1.4 %

Shares of AWK stock traded up $1.88 on Friday, hitting $133.90. 954,504 shares of the company's stock traded hands, compared to its average volume of 1,195,105. The company's fifty day simple moving average is $141.20 and its 200 day simple moving average is $137.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 3.08 and a beta of 0.70.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, November 12th. American Water Works's payout ratio is 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.