American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 390,302 shares of the utilities provider’s stock after purchasing an additional 11,663 shares during the quarter. Bank of Montreal Can owned about 0.20% of American Water Works worth $56,566,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in American Water Works in the second quarter valued at $30,000. Catalyst Capital Advisors LLC increased its stake in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Hantz Financial Services Inc. acquired a new position in American Water Works in the second quarter valued at $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in American Water Works in the second quarter valued at $50,000. Finally, Ashton Thomas Securities LLC acquired a new position in American Water Works in the third quarter valued at $51,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group started 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, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $142.29.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

American Water Works Stock Up 0.5 %

AWK stock opened at $138.31 on Thursday. The company has a market cap of $26.95 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.18 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company’s 50-day moving average price is $139.34 and its 200 day moving average price is $137.80. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

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.