FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 1,567 Shares of American Water Works Company, Inc. (NYSE:AWK)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,192 shares of the utilities provider’s stock after selling 1,567 shares during the quarter. American Water Works accounts for about 1.1% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 22nd biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in American Water Works were worth $4,506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Catalyst Capital Advisors LLC raised its holdings in American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works during the third quarter worth $51,000. Assetmark Inc. raised its holdings in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 90 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in American Water Works by 446.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AWK. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. 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 target price on the stock. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average target price of $141.00.

American Water Works Trading Up 0.3 %

Shares of American Water Works stock opened at $126.69 on Friday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. 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 business’s 50 day moving average is $129.63 and its 200-day moving average is $136.97. The stock has a market cap of $24.69 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.61 and a beta of 0.71.

American Water Works Announces Dividend

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 paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s dividend payout ratio is currently 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.