Trust Co. of Toledo NA OH Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

Trust Co. of Toledo NA OH trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,776 shares of the utilities provider’s stock after selling 434 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in American Water Works were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its holdings in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in American Water Works in the 3rd quarter worth approximately $51,000. Assetmark Inc. grew 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 purchasing an additional 89 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of American Water Works by 446.2% in the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 348 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its position in American Water Works by 25.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after buying an additional 96 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AWK. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $141.00.

American Water Works Stock Down 1.2 %

NYSE AWK traded down $1.45 during trading hours on Monday, hitting $119.67. 204,134 shares of the company were exchanged, compared to its average volume of 813,245. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 3.03 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $130.53 and a two-hundred day moving average of $137.24.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 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.