Northcape Wealth Management LLC raised its stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 24.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,107 shares of the utilities provider’s stock after purchasing an additional 2,734 shares during the period. Northcape Wealth Management LLC’s holdings in American Water Works were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in AWK. First Eagle Investment Management LLC grew its stake in American Water Works by 30.3% during the 1st quarter. First Eagle Investment Management LLC now owns 1,122 shares of the utilities provider’s stock worth $137,000 after buying an additional 261 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of American Water Works by 5.8% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,733 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 206 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the period. TIAA Trust National Association raised its position in American Water Works by 27.0% in the 1st quarter. TIAA Trust National Association now owns 2,917 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 621 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its position in American Water Works by 0.6% during the 1st quarter. Patten & Patten Inc. TN now owns 22,712 shares of the utilities provider’s stock worth $2,776,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on AWK. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. 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 research report on Tuesday, October 15th. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target of $140.00.
American Water Works Trading Up 1.7 %
Shares of American Water Works stock opened at $134.23 on Friday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business has a 50 day moving average price of $141.00 and a 200 day moving average price of $137.30. The company has a market capitalization of $26.16 billion, a P/E ratio of 26.58, a P/E/G ratio of 3.08 and a beta of 0.70.
American Water Works Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.28%. American Water Works’s dividend payout ratio (DPR) is 60.59%.
Insider Activity at American Water Works
In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.
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.
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