Montanaro Asset Management Ltd Has $24.85 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Montanaro Asset Management Ltd lowered its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,900 shares of the utilities provider's stock after selling 10,500 shares during the quarter. American Water Works makes up approximately 4.4% of Montanaro Asset Management Ltd's portfolio, making the stock its 4th biggest position. Montanaro Asset Management Ltd owned about 0.09% of American Water Works worth $24,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Vanguard Group Inc. boosted its stake in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock valued at $3,012,272,000 after purchasing an additional 624,977 shares during the period. Edgestream Partners L.P. boosted its stake in shares of American Water Works by 153.8% during the first quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider's stock valued at $1,667,000 after purchasing an additional 8,266 shares during the period. AQR Capital Management LLC boosted its stake in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider's stock valued at $4,023,000 after purchasing an additional 5,564 shares during the period. Empowered Funds LLC boosted its stake in shares of American Water Works by 330.9% during the first quarter. Empowered Funds LLC now owns 10,530 shares of the utilities provider's stock valued at $1,287,000 after purchasing an additional 8,086 shares during the period. Finally, Magnetar Financial LLC boosted its stake in shares of American Water Works by 18.1% during the first quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider's stock valued at $3,033,000 after purchasing an additional 3,801 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insiders Place Their Bets

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

American Water Works Stock Up 2.4 %

AWK traded up $3.25 during trading on Friday, reaching $136.09. The stock had a trading volume of 1,076,188 shares, compared to its average volume of 963,091. The stock's 50 day moving average is $142.07 and its two-hundred day moving average is $137.00. 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 capitalization of $26.52 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.21 and a beta of 0.70. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.25%. American Water Works's dividend payout ratio (DPR) is 60.59%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AWK shares. Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They set an "underperform" rating and a $124.00 target price for the company. Wells Fargo & Company downgraded American Water Works from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and upped their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada restated an "outperform" rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Wolfe Research upgraded American Water Works to a "hold" rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $140.00.

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.