Teachers Retirement System of The State of Kentucky Sells 920 Shares of American Water Works Company, Inc. (NYSE:AWK)

Teachers Retirement System of The State of Kentucky lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,299 shares of the utilities provider’s stock after selling 920 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Water Works were worth $2,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. Catalyst Capital Advisors LLC boosted its stake in shares of American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in American Water Works during the 2nd quarter worth about $46,000. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at about $51,000. Assetmark Inc. increased its stake in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in American Water Works by 68.8% during the 2nd quarter. Blue Trust Inc. now owns 508 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AWK shares. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Down 0.5 %

Shares of NYSE AWK opened at $128.91 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market capitalization of $25.12 billion, a P/E ratio of 25.53, a PEG ratio of 3.03 and a beta of 0.70. The stock’s fifty day moving average is $136.11 and its 200 day moving average is $137.99.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

American Water Works 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.