Toronto Dominion Bank Lowers Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Toronto Dominion Bank trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,427 shares of the utilities provider's stock after selling 15,963 shares during the period. Toronto Dominion Bank's holdings in American Water Works were worth $14,101,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. acquired a new stake in shares of American Water Works in the third quarter worth approximately $713,000. Geode Capital Management LLC boosted its stake in American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider's stock worth $665,163,000 after purchasing an additional 43,754 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of American Water Works during the third quarter worth $538,000. Vestcor Inc raised its position in shares of American Water Works by 32.6% in the third quarter. Vestcor Inc now owns 10,107 shares of the utilities provider's stock valued at $1,478,000 after buying an additional 2,483 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of American Water Works by 1.0% in the third quarter. Barclays PLC now owns 376,348 shares of the utilities provider's stock worth $55,037,000 after buying an additional 3,560 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AWK. Jefferies Financial Group started coverage on shares of American Water Works in a research note on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective for the company. Bank of America restated an "underperform" rating and issued a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a "hold" rating in a report on Wednesday, September 18th. Finally, UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Four investment 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $142.29.

American Water Works Trading Down 0.7 %

Shares of American Water Works stock traded down $0.96 during trading hours on Friday, hitting $129.59. The company's stock had a trading volume of 747,829 shares, compared to its average volume of 1,204,335. The firm has a fifty day moving average of $136.27 and a 200-day moving average of $137.88. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a market cap of $25.26 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 3.03 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works Announces Dividend

The business also recently announced 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. This represents a $3.06 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's dividend payout ratio (DPR) is presently 60.59%.

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.