Assetmark Inc. Buys 89 Shares of American Water Works Company, Inc. (NYSE:AWK)

Assetmark Inc. grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 31.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 370 shares of the utilities provider’s stock after acquiring an additional 89 shares during the quarter. Assetmark Inc.’s holdings in American Water Works were worth $54,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Impax Asset Management Group plc boosted its position in shares of American Water Works by 3.7% in the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after acquiring an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares during the period. Mirova US LLC boosted its position in shares of American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after acquiring an additional 32,764 shares during the period. Wulff Hansen & CO. boosted its position in shares of American Water Works by 12,816.0% in the second 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, American Century Companies Inc. boosted its position in shares of American Water Works by 16.1% in the second quarter. American Century Companies Inc. now owns 1,407,114 shares of the utilities provider’s stock valued at $181,743,000 after acquiring an additional 195,604 shares during the period. Institutional investors own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s 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 completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AWK. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average target price of $140.00.

American Water Works Price Performance

American Water Works stock opened at $136.67 on Tuesday. The stock has a market capitalization of $26.64 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.12 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 stock’s 50 day moving average price is $140.82 and its two-hundred day moving average price is $137.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s payout ratio is currently 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.