1,454 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, HoldingsChannel reports. The firm purchased 1,454 shares of the utilities provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lake Street Advisors Group LLC lifted its position in shares of American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares during the period. Miracle Mile Advisors LLC lifted its position in 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 grew its stake in 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 buying an additional 82 shares in the last quarter. Asset Dedication LLC raised its position in American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 85 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after buying an additional 88 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the director now directly owns 36,880 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AWK. Wells Fargo & Company downgraded 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 report on Wednesday, July 31st. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the company from $151.00 to $155.00 in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Up 0.1 %

Shares of AWK traded up $0.10 on Wednesday, reaching $138.30. The company’s stock had a trading volume of 67,862 shares, compared to its average volume of 1,195,386. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market capitalization of $26.95 billion, a PE ratio of 27.36, a PEG ratio of 3.12 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average of $140.62 and a 200-day moving average of $137.63.

American Water Works Announces Dividend

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 paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 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.