Integrated Wealth Concepts LLC Trims Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Integrated Wealth Concepts LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,015 shares of the utilities provider’s stock after selling 216 shares during the period. Integrated Wealth Concepts LLC’s holdings in American Water Works were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. ORG Partners LLC purchased a new position in American Water Works during the 2nd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC boosted its stake in American Water Works by 155.6% during the third 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 purchased a new stake in shares of American Water Works in the third quarter valued at $51,000. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works in the second quarter valued at $46,000. Finally, Assetmark Inc. lifted its holdings 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 worth $54,000 after acquiring an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Down 0.5 %

American Water Works stock opened at $130.33 on Thursday. The business’s 50-day simple moving average is $137.13 and its two-hundred day simple moving average is $137.89. The company has a market cap of $25.40 billion, a PE ratio of 25.81, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 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.