Trust Co. of Toledo NA OH Trims Stake in American Water Works Company, Inc. (NYSE:AWK)

Trust Co. of Toledo NA OH cut its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,776 shares of the utilities provider’s stock after selling 434 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Water Works were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Fiduciary Alliance LLC raised its holdings in shares of American Water Works by 3.0% in the 4th quarter. Fiduciary Alliance LLC now owns 23,927 shares of the utilities provider’s stock valued at $2,979,000 after purchasing an additional 694 shares in the last quarter. Czech National Bank increased its holdings in American Water Works by 6.5% during the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after buying an additional 2,562 shares during the period. ST Germain D J Co. Inc. raised its stake in American Water Works by 469.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,213 shares of the utilities provider’s stock worth $151,000 after buying an additional 1,000 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in American Water Works by 3.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,765 shares of the utilities provider’s stock worth $344,000 after buying an additional 104 shares during the period. Finally, Canandaigua National Bank & Trust Co. boosted its position in American Water Works by 5.4% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 2,445 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 126 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWK has been the subject of a number of analyst reports. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Finally, Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.00.

American Water Works Stock Performance

NYSE:AWK traded down $1.45 during trading hours on Monday, reaching $119.67. The company had a trading volume of 204,134 shares, compared to its average volume of 813,245. The firm has a market cap of $23.32 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The business’s 50 day moving average price is $130.53 and its 200-day moving average price is $137.24. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.56%. American Water Works’s payout ratio is 60.59%.

About American Water Works

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.