American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,703 shares of the utilities provider's stock after selling 44,302 shares during the quarter. Rhumbline Advisers owned about 0.20% of American Water Works worth $47,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AWK. Crews Bank & Trust acquired a new stake in shares of American Water Works during the fourth quarter valued at $26,000. Catalyst Capital Advisors LLC lifted its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of American Water Works during the 3rd quarter worth about $51,000. Assetmark Inc. grew its holdings in shares of 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 in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 3.1 %

Shares of AWK stock traded up $3.96 on Friday, reaching $132.63. 2,116,785 shares of the stock were exchanged, compared to its average volume of 1,274,988. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The stock has a market cap of $25.85 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.72. The firm has a 50 day moving average of $124.87 and a two-hundred day moving average of $134.83. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.33% and a net margin of 22.44%. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.7 EPS for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.31%. American Water Works's dividend payout ratio is currently 56.77%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AWK shares. Wells Fargo & Company raised their target price 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. UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average 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.