CIBC Asset Management Inc trimmed its position in shares of American Water Works Company Inc (NYSE:AWK) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 20,723 shares of the utilities provider’s stock after selling 1,242 shares during the period. CIBC Asset Management Inc’s holdings in American Water Works were worth $1,896,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Gator Capital Management LLC purchased a new stake in American Water Works during the 4th quarter valued at about $576,000. Rockefeller Financial Services Inc. grew its position in American Water Works by 9.6% during the 4th quarter. Rockefeller Financial Services Inc. now owns 715,570 shares of the utilities provider’s stock valued at $65,467,000 after purchasing an additional 62,866 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in American Water Works during the 4th quarter valued at about $286,000. US Bancorp DE grew its position in American Water Works by 14.1% during the 4th quarter. US Bancorp DE now owns 51,890 shares of the utilities provider’s stock valued at $4,748,000 after purchasing an additional 6,407 shares during the last quarter. Finally, Aperio Group LLC grew its position in American Water Works by 3.8% during the 4th quarter. Aperio Group LLC now owns 376,789 shares of the utilities provider’s stock valued at $34,472,000 after purchasing an additional 13,904 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Shares of American Water Works Company Inc (AWK) opened at $77.94 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. The stock has a market cap of $14,250.00, a PE ratio of 26.42, a PEG ratio of 3.12 and a beta of 0.14. American Water Works Company Inc has a 1-year low of $71.89 and a 1-year high of $92.37.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Tuesday, February 6th. American Water Works’s payout ratio is presently 56.27%.

Several analysts recently commented on AWK shares. Wells Fargo & Co set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Bank of America started coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective on the stock. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Finally, Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $90.86.

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American Water Works Profile

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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