Smith Moore & CO. Lowers Position in American Water Works (AWK)

Smith Moore & CO. lowered its stake in shares of American Water Works (NYSE:AWK) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,399 shares of the company’s stock after selling 199 shares during the period. Smith Moore & CO.’s holdings in American Water Works were worth $608,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of American Water Works by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 384,986 shares of the company’s stock worth $32,525,000 after buying an additional 4,777 shares during the last quarter. Wealthsource Partners LLC boosted its position in shares of American Water Works by 0.5% in the second quarter. Wealthsource Partners LLC now owns 6,771 shares of the company’s stock worth $572,000 after buying an additional 35 shares during the last quarter. Ardevora Asset Management LLP boosted its position in shares of American Water Works by 7.5% in the second quarter. Ardevora Asset Management LLP now owns 356,300 shares of the company’s stock worth $30,111,000 after buying an additional 25,000 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of American Water Works by 3.3% in the second quarter. Commonwealth Equity Services Inc now owns 92,097 shares of the company’s stock worth $7,783,000 after buying an additional 2,918 shares during the last quarter. Finally, IFC Holdings Incorporated FL boosted its position in shares of American Water Works by 9.5% in the second quarter. IFC Holdings Incorporated FL now owns 16,537 shares of the company’s stock worth $1,391,000 after buying an additional 1,431 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

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

Shares of American Water Works (NYSE:AWK) opened at 72.72 on Tuesday. The company’s 50-day moving average is $72.20 and its 200 day moving average is $73.66. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 27.98 and a beta of 0.19. American Water Works has a 1-year low of $63.63 and a 1-year high of $85.24.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.50 dividend on an annualized basis and a yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is presently 57.47%.

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A number of equities analysts have issued reports on AWK shares. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday, November 28th. Vetr cut shares of American Water Works from a “strong-buy” rating to a “buy” rating and set a $82.00 price objective on the stock. in a research report on Tuesday, January 31st. Janney Montgomery Scott upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $73.31 to $80.00 in a research report on Tuesday, December 20th. Robert W. Baird set a $82.00 price objective on shares of American Water Works and gave the company a “buy” rating in a research report on Sunday, December 18th. Finally, Bank of America Corporation upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $77.00 to $84.00 in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. American Water Works currently has an average rating of “Buy” and a consensus target price of $81.69.

American Water Works Company Profile

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

5 Day Chart for NYSE:AWK

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