Sumitomo Mitsui Trust Group Inc. Has $63.40 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 433,538 shares of the utilities provider’s stock after purchasing an additional 9,427 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in American Water Works were worth $63,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Lake Street Advisors Group LLC boosted its position in 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 worth $272,000 after buying an additional 75 shares during the period. Miracle Mile Advisors LLC lifted its holdings 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 grew its stake in shares of American Water Works by 3.4% in 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 last quarter. Asset Dedication LLC increased its holdings in American Water Works by 1.6% in 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 during the period. Finally, Moody National Bank Trust Division increased its stake in shares of American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $132.11 on Friday. The firm has a market capitalization of $25.75 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.08 and a beta of 0.70. The firm’s 50-day moving average price is $141.44 and its 200-day moving average price is $137.25. 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 Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.32%. American Water Works’s payout ratio is currently 60.59%.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AWK shares. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.00.

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.