Prime Capital Investment Advisors LLC Lowers Position in American Water Works Company, Inc. (NYSE:AWK)

Prime Capital Investment Advisors LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,058 shares of the utilities provider’s stock after selling 276 shares during the period. Prime Capital Investment Advisors LLC’s holdings in American Water Works were worth $1,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AWK. ORG Partners LLC acquired a new position in American Water Works in the second quarter valued at $30,000. Catalyst Capital Advisors LLC lifted its stake in shares of American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works during the 2nd quarter worth about $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Water Works during the 2nd quarter worth approximately $50,000. Finally, Ashton Thomas Securities LLC acquired a new stake in American Water Works during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Finally, Mizuho lowered 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. 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 stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average price target of $140.00.

Insider Activity at American Water Works

In related 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 value 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. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Trading Down 0.2 %

Shares of AWK opened at $132.11 on Friday. 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 Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a 50-day moving average price of $141.44 and a 200 day moving average price of $137.25. The company 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.

American Water Works Dividend Announcement

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 paid a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.32%. American Water Works’s dividend payout ratio (DPR) is presently 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.