Old Port Advisors Has $1.66 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Old Port Advisors trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,358 shares of the utilities provider’s stock after selling 153 shares during the quarter. Old Port Advisors’ holdings in American Water Works were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AWK. JPMorgan Chase & Co. increased its holdings in shares of American Water Works by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 969,016 shares of the utilities provider’s stock valued at $141,709,000 after acquiring an additional 5,889 shares in the last quarter. Principal Financial Group Inc. grew its position in American Water Works by 129.6% in the 3rd quarter. Principal Financial Group Inc. now owns 502,391 shares of the utilities provider’s stock valued at $73,470,000 after purchasing an additional 283,579 shares during the period. Oddo BHF Asset Management Sas bought a new stake in American Water Works during the 3rd quarter valued at $1,988,000. Franklin Resources Inc. raised its holdings in American Water Works by 3.0% during the third quarter. Franklin Resources Inc. now owns 1,034,221 shares of the utilities provider’s stock worth $145,170,000 after buying an additional 29,961 shares during the last quarter. Finally, Synovus Financial Corp acquired a new position in American Water Works during the third quarter worth $221,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of AWK stock traded up $0.15 during trading on Thursday, hitting $124.64. The company’s stock had a trading volume of 157,478 shares, compared to its average volume of 1,203,349. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a market cap of $24.29 billion, a PE ratio of 24.68, a P/E/G ratio of 3.03 and a beta of 0.70. The business has a fifty day moving average of $132.63 and a 200-day moving average of $137.57. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is presently 60.59%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AWK shares. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research raised American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus target price of $142.29.

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.