Impax Asset Management Group plc Decreases Stake in American Water Works Company, Inc. $AWK

Impax Asset Management Group plc reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,729,024 shares of the utilities provider’s stock after selling 6,175 shares during the quarter. American Water Works accounts for approximately 1.4% of Impax Asset Management Group plc’s investment portfolio, making the stock its 21st biggest holding. Impax Asset Management Group plc’s holdings in American Water Works were worth $240,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in American Water Works during the 3rd quarter valued at about $26,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of American Water Works in the third quarter worth about $27,000. Concord Wealth Partners acquired a new stake in shares of American Water Works during the second quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in American Water Works in the third quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in American Water Works in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE AWK opened at $125.00 on Wednesday. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.85 and a beta of 0.77. The stock has a 50-day moving average of $129.76 and a 200 day moving average of $135.10. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio is presently 58.17%.

Analyst Ratings Changes

A number of research firms have issued reports on AWK. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Barclays cut their price target on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their target price on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. TD Cowen started coverage on American Water Works in a report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price on the stock. Finally, Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $117.00 to $139.00 in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.89.

About American Water Works

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.