Metis Global Partners LLC Has $3.15 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Metis Global Partners LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,566 shares of the utilities provider's stock after selling 6,435 shares during the period. Metis Global Partners LLC's holdings in American Water Works were worth $3,154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its holdings in American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider's stock valued at $272,000 after purchasing an additional 75 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of American Water Works by 2.9% in the third 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 in the last quarter. Invesco LLC increased its holdings 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. Asset Dedication LLC raised its holdings in American Water Works by 1.6% during the second 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 last quarter. Finally, Moody National Bank Trust Division increased its holdings in American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider's stock valued at $593,000 after acquiring an additional 88 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AWK. Wells Fargo & Company downgraded shares of American Water Works from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Mizuho lowered American Water Works from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Bank of America reissued an "underperform" rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group assumed 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. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $140.00.

American Water Works Price Performance

American Water Works stock traded up $2.21 during trading hours on Friday, hitting $134.23. 1,496,609 shares of the company traded hands, compared to its average volume of 1,197,969. The firm's 50-day simple moving average is $141.20 and its two-hundred day simple moving average is $137.22. The firm has a market cap of $26.16 billion, a P/E ratio of 26.33, 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. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.28%. American Water Works's dividend payout ratio is currently 60.59%.

Insider Buying and Selling

In other news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

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.