American Water Works Company, Inc. (NYSE:AWK) Position Raised by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,700 shares of the utilities provider’s stock after acquiring an additional 313 shares during the period. Empowered Funds LLC’s holdings in American Water Works were worth $541,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Impax Asset Management Group plc grew its position in American Water Works by 3.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after purchasing an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after buying an additional 143,914 shares during the period. Mirova US LLC grew its holdings in American Water Works by 2.1% in the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after buying an additional 32,764 shares in the last quarter. Wulff Hansen & CO. increased its position in American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after acquiring an additional 1,453,334 shares during the period. Finally, Victory Capital Management Inc. raised its stake in American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated 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 owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

American Water Works Stock Down 1.1 %

NYSE AWK opened at $137.31 on Monday. The company has a market capitalization of $26.76 billion, a P/E ratio of 27.19, a PEG ratio of 3.23 and a beta of 0.70. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month 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 company’s 50 day simple moving average is $140.05 and its 200 day simple moving average is $137.76.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.23%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Mizuho downgraded 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 report on Tuesday, October 15th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Company 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.