Stock Yards Bank & Trust Co. Sells 7,735 Shares of American Water Works Company, Inc. (NYSE:AWK)

Stock Yards Bank & Trust Co. cut its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,931 shares of the utilities provider's stock after selling 7,735 shares during the quarter. Stock Yards Bank & Trust Co. owned approximately 0.07% of American Water Works worth $20,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of American Water Works in the second quarter valued at about $30,000. Catalyst Capital Advisors LLC boosted its stake in American Water Works by 155.6% during 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 during the period. Hantz Financial Services Inc. bought a new position in American Water Works in the 2nd quarter worth approximately $46,000. Ashton Thomas Securities LLC acquired a new position in shares of American Water Works during the third quarter worth approximately $51,000. Finally, Assetmark Inc. boosted its position in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 89 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of American Water Works to a "hold" rating in a research note on Wednesday, September 18th. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an "underperform" rating and a $124.00 price target for the company. Finally, Bank of America reiterated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $142.29.

American Water Works Price Performance

NYSE:AWK traded up $0.21 during trading hours on Thursday, reaching $130.55. The company had a trading volume of 739,178 shares, compared to its average volume of 1,206,237. The firm has a market capitalization of $25.44 billion, a PE ratio of 25.96, a PEG ratio of 3.08 and a beta of 0.70. The stock has a 50-day moving average of $136.81 and a two-hundred day moving average of $137.84. American Water Works Company, Inc. has a one year low of $113.34 and a one 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 Dividend Announcement

The company 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 is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.34%. American Water Works's dividend payout ratio is 60.59%.

About American Water Works

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.