Oppenheimer Asset Management Inc. Has $4.57 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Oppenheimer Asset Management Inc. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 31,280 shares of the utilities provider’s stock after purchasing an additional 352 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Water Works were worth $4,574,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Lake Street Advisors Group LLC raised its position in shares of American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 75 shares during the period. Miracle Mile Advisors LLC raised its position in shares of American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after purchasing an additional 79 shares during the period. Invesco LLC raised its position in shares of American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after purchasing an additional 82 shares during the period. Asset Dedication LLC raised its position in shares of American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 85 shares during the period. Finally, Moody National Bank Trust Division raised its position in shares of American Water Works by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 88 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AWK. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Bank of America reissued an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $140.00.

American Water Works Trading Up 1.7 %

NYSE AWK opened at $134.23 on Friday. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a one year low of $113.34 and a one 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’s fifty day moving average is $141.20 and its 200-day moving average is $137.22.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Tuesday, November 12th. 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.