American Water Works Company, Inc. (NYSE:AWK) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,668 shares of the utilities provider’s stock after selling 1,297 shares during the period. MetLife Investment Management LLC’s holdings in American Water Works were worth $7,410,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc lifted its stake in shares of American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after buying an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of American Water Works by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Mirova US LLC boosted its holdings in shares of American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after purchasing an additional 32,764 shares during the last quarter. Wulff Hansen & CO. grew its position in shares of American Water Works by 12,816.0% in the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after purchasing an additional 1,453,334 shares during the period. Finally, Victory Capital Management Inc. increased its stake in American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AWK. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America restated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $142.29.

American Water Works Stock Performance

Shares of AWK stock opened at $136.98 on Friday. 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 $26.70 billion, a PE ratio of 27.12, a P/E/G ratio of 3.22 and a beta of 0.70. The company’s fifty day simple moving average is $138.92 and its 200-day simple moving average is $137.83. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

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.