State of Tennessee Department of Treasury Has $6.21 Million Position in American Water Works Company, Inc. (NYSE:AWK)

State of Tennessee Department of Treasury trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,899 shares of the utilities provider's stock after selling 2,086 shares during the quarter. State of Tennessee Department of Treasury's holdings in American Water Works were worth $6,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of American Water Works by 6.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,619 shares of the utilities provider's stock worth $2,193,000 after acquiring an additional 1,134 shares during the last quarter. Mirova increased its holdings in shares of American Water Works by 39.8% in the fourth quarter. Mirova now owns 77,140 shares of the utilities provider's stock valued at $9,603,000 after purchasing an additional 21,967 shares in the last quarter. MetLife Investment Management LLC raised its position in American Water Works by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 51,584 shares of the utilities provider's stock worth $6,422,000 after purchasing an additional 916 shares during the last quarter. Norinchukin Bank The lifted its holdings in American Water Works by 17.8% during the 4th quarter. Norinchukin Bank The now owns 10,482 shares of the utilities provider's stock worth $1,305,000 after buying an additional 1,586 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in American Water Works in the 4th quarter valued at $799,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AWK. UBS Group downgraded American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Barclays started coverage on American Water Works in a report on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company increased their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. Finally, StockNews.com raised shares of American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $142.00.

American Water Works Trading Up 0.4 %

American Water Works stock traded up $0.53 during mid-day trading on Wednesday, hitting $146.39. 234,442 shares of the company's stock were exchanged, compared to its average volume of 1,216,368. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $28.55 billion, a P/E ratio of 27.15, a PEG ratio of 2.80 and a beta of 0.68. The company's 50 day simple moving average is $142.95 and its 200-day simple moving average is $134.65.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.11 billion. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.8275 per share. This is an increase from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a dividend yield of 2.26%. American Water Works's dividend payout ratio is currently 56.77%.

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.