Keybank National Association OH cut its holdings in American Water Works Company Inc (NYSE:AWK) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 375,376 shares of the utilities provider’s stock after selling 25,134 shares during the period. Keybank National Association OH’s holdings in American Water Works were worth $34,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. WFG Advisors LP lifted its holdings in American Water Works by 11.5% in the second quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock valued at $200,000 after acquiring an additional 265 shares during the last quarter. Commonwealth Equity Services Inc lifted its holdings in American Water Works by 0.6% in the third quarter. Commonwealth Equity Services Inc now owns 99,339 shares of the utilities provider’s stock valued at $8,037,000 after acquiring an additional 582 shares during the last quarter. WMS Partners LLC lifted its holdings in American Water Works by 6.5% in the third quarter. WMS Partners LLC now owns 9,836 shares of the utilities provider’s stock valued at $796,000 after acquiring an additional 600 shares during the last quarter. Cetera Investment Advisers lifted its holdings in American Water Works by 12.2% in the third quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock valued at $463,000 after acquiring an additional 622 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in American Water Works by 10.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,386 shares of the utilities provider’s stock valued at $676,000 after acquiring an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

AWK has been the topic of a number of recent analyst reports. Argus upped their price objective on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, December 29th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Tuesday, December 19th. Bank of America initiated coverage on American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective on the stock. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.86.

Shares of American Water Works Company Inc (NYSE AWK) opened at $78.77 on Wednesday. The stock has a market capitalization of $13,899.01, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 3.19 and a beta of 0.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works Company Inc has a 12-month low of $71.89 and a 12-month high of $92.37.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is 56.27%.

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American Water Works Company 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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