Confluence Investment Management LLC Sells 407 Shares of American Water Works Company, Inc. (NYSE:AWK)

Confluence Investment Management LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.3% in the third quarter, HoldingsChannel reports. The fund owned 145,972 shares of the utilities provider’s stock after selling 407 shares during the period. Confluence Investment Management LLC’s holdings in American Water Works were worth $21,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of American Water Works in the second quarter worth approximately $30,000. Catalyst Capital Advisors LLC boosted its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares during the period. Central Pacific Bank Trust Division purchased a new stake in American Water Works in the 1st quarter worth $41,000. Hantz Financial Services Inc. bought a new stake in American Water Works during the second quarter valued at about $46,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in American Water Works during the second quarter valued at about $50,000. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AWK shares. 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. Wolfe Research upgraded 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 increased their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Bank of America restated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $140.00.

American Water Works Trading Down 0.6 %

Shares of AWK opened at $132.84 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The company’s fifty day moving average is $142.39 and its 200 day moving average is $136.79. The stock has a market capitalization of $25.89 billion, a PE ratio of 26.31, a P/E/G ratio of 3.25 and a beta of 0.70.

American Water Works Dividend Announcement

The firm also recently announced 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. This represents a $3.06 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio is 60.59%.

Insider Activity 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 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 sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.

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.