Duff & Phelps Investment Management Co. Trims Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Duff & Phelps Investment Management Co. reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 14.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 544,728 shares of the utilities provider's stock after selling 89,138 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.28% of American Water Works worth $79,661,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Lake Street Advisors Group LLC grew its position in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider's stock worth $272,000 after purchasing an additional 75 shares during the period. IHT Wealth Management LLC boosted its stake in shares of American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after acquiring an additional 76 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of American Water Works by 2.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider's stock valued at $408,000 after acquiring an additional 79 shares during the period. Invesco LLC increased its stake in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider's stock valued at $361,000 after purchasing an additional 82 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider's stock worth $699,000 after purchasing an additional 85 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 1.3 %

AWK stock traded down $1.67 during trading on Monday, reaching $130.70. 1,227,089 shares of the stock were exchanged, compared to its average volume of 1,211,371. 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 firm has a market capitalization of $25.47 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 3.08 and a beta of 0.70. The business has a 50 day moving average price of $137.73 and a 200-day moving average price of $137.86. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's dividend payout ratio is presently 60.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AWK. Royal Bank of Canada reiterated an "outperform" rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research raised American Water Works to a "hold" rating in a research note on Wednesday, September 18th. 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 research note on Tuesday, October 15th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $142.29.

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.