Toronto Dominion Bank Sells 15,963 Shares of American Water Works Company, Inc. (NYSE:AWK)

Toronto Dominion Bank lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,427 shares of the utilities provider’s stock after selling 15,963 shares during the period. Toronto Dominion Bank’s holdings in American Water Works were worth $14,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its position in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Impax Asset Management Group plc lifted its position in American Water Works by 3.7% during the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after buying an additional 247,745 shares in the last quarter. Geode Capital Management LLC grew its holdings in American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after acquiring an additional 43,754 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares in the last quarter. Finally, Mirova US LLC increased its position in American Water Works by 2.1% in the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after acquiring an additional 32,764 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of several research analyst reports. Mizuho cut shares of 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 note on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada restated an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Finally, UBS Group raised 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 report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus target price of $142.29.

American Water Works Price Performance

Shares of AWK opened at $129.61 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 stock has a market cap of $25.26 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. The stock’s 50-day moving average price is $136.27 and its two-hundred day moving average price is $137.80. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 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.