Cambiar Investors LLC Sells 29,631 Shares of American Water Works Company Inc (AWK)

Cambiar Investors LLC trimmed its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 435,780 shares of the utilities provider’s stock after selling 29,631 shares during the quarter. Cambiar Investors LLC owned about 0.24% of American Water Works worth $39,870,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Atlantic Trust LLC grew its holdings in shares of American Water Works by 2.1% during the 2nd quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 55 shares during the last quarter. Carret Asset Management LLC grew its holdings in shares of American Water Works by 0.8% during the 2nd quarter. Carret Asset Management LLC now owns 6,997 shares of the utilities provider’s stock valued at $545,000 after purchasing an additional 57 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of American Water Works by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,750 shares of the utilities provider’s stock valued at $526,000 after purchasing an additional 190 shares during the last quarter. Princeton Portfolio Strategies Group LLC grew its holdings in shares of American Water Works by 0.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 60,788 shares of the utilities provider’s stock valued at $4,738,000 after purchasing an additional 205 shares during the last quarter. Finally, WFG Advisors LP grew its holdings in shares of American Water Works by 11.5% during the 2nd quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 265 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. Argus lifted their target price on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $89.00 price target on shares of American Water Works and gave the stock a “hold” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.86.

American Water Works Company Inc (AWK) traded down $0.21 during trading hours on Wednesday, hitting $78.56. 224,990 shares of the stock traded hands, compared to its average volume of 1,329,461. The company has a market cap of $13,960.00, a price-to-earnings ratio of 26.54, a P/E/G ratio of 3.19 and a beta of 0.14. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works Company Inc has a 12 month low of $71.89 and a 12 month high of $92.37.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.66 annualized dividend and a dividend yield of 2.11%. American Water Works’s dividend payout ratio is currently 56.27%.

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American Water Works Profile

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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