First National Bank of Omaha reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 88.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,055 shares of the utilities provider's stock after selling 15,800 shares during the period. First National Bank of Omaha's holdings in American Water Works were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its position in American Water Works by 23.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,943 shares of the utilities provider's stock worth $380,000 after acquiring an additional 564 shares during the last quarter. ORG Partners LLC bought a new stake in American Water Works during the 2nd quarter worth approximately $30,000. Archford Capital Strategies LLC grew its position in American Water Works by 146.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 13,512 shares of the utilities provider's stock worth $1,745,000 after acquiring an additional 8,030 shares during the last quarter. Mcdonald Partners LLC grew its position in American Water Works by 2.5% during the 2nd quarter. Mcdonald Partners LLC now owns 4,637 shares of the utilities provider's stock worth $599,000 after acquiring an additional 115 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in American Water Works by 1.9% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,175 shares of the utilities provider's stock worth $1,276,000 after acquiring an additional 175 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.
American Water Works Trading Up 0.2 %
Shares of AWK stock traded up $0.26 during trading hours on Tuesday, reaching $130.98. The company had a trading volume of 838,061 shares, compared to its average volume of 1,209,812. The company has a 50 day moving average of $137.42 and a 200 day moving average of $137.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.
American Water Works Dividend Announcement
The business also recently declared 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. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, February 7th. American Water Works's dividend payout ratio (DPR) is currently 60.59%.
Wall Street Analyst Weigh In
AWK has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wolfe Research raised American Water Works to a "hold" rating in a report on Wednesday, September 18th. Finally, UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $142.29.
Get Our Latest Analysis on AWK
American Water Works Profile
(
Free Report)
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.
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