Keybank National Association OH Decreases Holdings in American Water Works Company, Inc. (NYSE:AWK)

Keybank National Association OH cut its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,198 shares of the utilities provider's stock after selling 110,763 shares during the period. Keybank National Association OH owned 0.18% of American Water Works worth $42,600,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI lifted its position in shares of American Water Works by 6.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,440 shares of the utilities provider's stock worth $428,000 after acquiring an additional 221 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of American Water Works by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,153,212 shares of the utilities provider's stock valued at $143,563,000 after acquiring an additional 33,150 shares during the last quarter. State of Michigan Retirement System boosted its stake in American Water Works by 10.2% during the 4th quarter. State of Michigan Retirement System now owns 58,497 shares of the utilities provider's stock worth $7,282,000 after acquiring an additional 5,400 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of American Water Works by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,739 shares of the utilities provider's stock valued at $2,457,000 after purchasing an additional 500 shares during the period. Finally, Plato Investment Management Ltd raised its stake in shares of American Water Works by 1.4% in the 4th quarter. Plato Investment Management Ltd now owns 36,279 shares of the utilities provider's stock valued at $4,533,000 after purchasing an additional 491 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 0.9 %

American Water Works stock traded down $1.19 during mid-day trading on Thursday, hitting $136.64. The company's stock had a trading volume of 319,236 shares, compared to its average volume of 1,334,667. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The business has a 50 day moving average price of $126.60 and a 200-day moving average price of $134.37. The stock has a market cap of $26.64 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th were paid a dividend of $0.765 per share. The ex-dividend date was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.24%. American Water Works's dividend payout ratio is currently 56.77%.

Analyst Ratings Changes

AWK has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of American Water Works from $129.00 to $133.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and a consensus price target of $140.57.

American Water Works Company 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.