Fifth Third Bancorp Reduces Position in American Water Works Company, Inc. (NYSE:AWK)

Fifth Third Bancorp decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,744 shares of the utilities provider's stock after selling 3,960 shares during the quarter. Fifth Third Bancorp's holdings in American Water Works were worth $3,952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC lifted its stake in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after buying an additional 182 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 90 shares during the period. Ashton Thomas Securities LLC acquired a new stake in American Water Works during the third quarter worth approximately $51,000. Assetmark Inc. boosted its holdings in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after acquiring an additional 89 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in shares of American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider's stock worth $62,000 after purchasing an additional 348 shares during the period. Institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

AWK has been the topic of several recent research reports. Jefferies Financial Group began coverage on shares of American Water Works in a report on Monday, October 7th. They set an "underperform" rating and a $124.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company upgraded shares of American Water Works from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $139.38.

American Water Works Price Performance

Shares of American Water Works stock traded down $3.48 on Tuesday, hitting $126.47. 1,417,875 shares of the company traded hands, compared to its average volume of 1,124,113. The firm's 50-day simple moving average is $128.35 and its 200 day simple moving average is $136.81. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month 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 cap of $24.65 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.62 and a beta of 0.71.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.42%. American Water Works's dividend payout ratio (DPR) 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.