LGT Fund Management Co Ltd. Lowers Position in American Water Works Company, Inc. (NYSE:AWK)

LGT Fund Management Co Ltd. reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 33.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,300 shares of the utilities provider's stock after selling 5,200 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in American Water Works were worth $1,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IHT Wealth Management LLC boosted its holdings in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after purchasing an additional 76 shares during the period. Assetmark Inc. boosted its stake in 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 buying an additional 89 shares during the period. Brookfield Corp ON increased its position in American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider's stock valued at $4,768,000 after acquiring an additional 89 shares during the last quarter. Bleakley Financial Group LLC increased its position in American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock valued at $250,000 after acquiring an additional 89 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in shares of American Water Works by 29.0% in the fourth 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. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Down 1.8 %

Shares of American Water Works stock traded down $2.42 during trading on Thursday, hitting $135.40. 151,020 shares of the stock traded hands, compared to its average volume of 1,329,945. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock's fifty day simple moving average is $126.60 and its 200 day simple moving average is $134.37. The firm has a market cap of $26.40 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68.

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

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 7th were paid a $0.765 dividend. The ex-dividend date was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.26%. American Water Works's dividend payout ratio (DPR) is 56.77%.

Analysts Set New Price Targets

Several equities analysts recently commented on AWK shares. Wells Fargo & Company upped their price target on shares of American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and increased their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. 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 company's stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of "Hold" and an average target price 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.