Federated Hermes Inc. significantly decreased its stake in American Water Works Company, Inc. by 76.7% in the third quarter, reducing its holdings to 9,879 shares valued at approximately $1.375 million. Despite this reduction by one major investor, other institutional investors like Truist Financial Corp and AGP Franklin LLC increased their positions. American Water Works recently declared a quarterly dividend of $0.8275 per share, and analysts currently maintain a “Hold” consensus rating with an average target price of $140.89.
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Federated Hermes Inc. Reduces Stock Position in American Water Works Company, Inc. $AWK
Federated Hermes Inc. significantly decreased its stake in American Water Works Company, Inc. by 76.7% in the third quarter, reducing its holdings to 9,879 shares valued at approximately $1.375 million. Despite this reduction by one major investor, other institutional investors like Truist Financial Corp and AGP Franklin LLC increased their positions. American Water Works recently declared a quarterly dividend of $0.8275 per share, and analysts currently maintain a “Hold” consensus rating with an average target price of $140.89.