American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,678,248 shares of the utilities provider's stock after selling 1,224,009 shares during the quarter. American Water Works comprises approximately 3.3% of Impax Asset Management Group plc's investment portfolio, making the stock its 3rd biggest position. Impax Asset Management Group plc owned about 2.91% of American Water Works worth $829,172,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $30,000. Central Pacific Bank Trust Division acquired a new stake in shares of American Water Works in the 1st quarter valued at $41,000. Hantz Financial Services Inc. bought a new position in shares of American Water Works in the 2nd quarter valued at $46,000. Salomon & Ludwin LLC raised its holdings in shares of American Water Works by 260.2% during the 1st quarter. Salomon & Ludwin LLC now owns 389 shares of the utilities provider's stock worth $48,000 after buying an additional 281 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of American Water Works during the 2nd quarter worth $50,000. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Down 0.5 %

Shares of NYSE AWK traded down $0.70 during midday trading on Monday, reaching $135.30. The stock had a trading volume of 1,568,595 shares, compared to its average volume of 1,196,569. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.58 and a current ratio of 0.58. The company's 50 day moving average price is $142.73 and its 200 day moving average price is $136.56. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.70.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.26%. American Water Works's payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AWK. Wells Fargo & Company downgraded American Water Works from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Wolfe Research raised shares of American Water Works to a "hold" rating in a research note on Wednesday, September 18th. 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 price target for the company. Mizuho lowered American Water Works from an "outperform" rating to a "neutral" rating and boosted their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of "Hold" and an average price target of $140.00.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares of the company's stock, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company's stock.

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.