Linscomb Wealth Inc. Acquires 511 Shares of American Water Works Company, Inc. (NYSE:AWK)

Linscomb Wealth Inc. boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,349 shares of the utilities provider’s stock after buying an additional 511 shares during the quarter. Linscomb Wealth Inc.’s holdings in American Water Works were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of American Water Works by 9.2% during the third quarter. Empowered Funds LLC now owns 3,700 shares of the utilities provider’s stock valued at $541,000 after buying an additional 313 shares during the last quarter. Birchcreek Wealth Management LLC purchased a new stake in American Water Works during the third quarter valued at approximately $216,000. Empirical Finance LLC boosted its stake in American Water Works by 2.3% in the third quarter. Empirical Finance LLC now owns 6,560 shares of the utilities provider’s stock valued at $959,000 after acquiring an additional 148 shares in the last quarter. Sycomore Asset Management grew its holdings in American Water Works by 121.1% in the third quarter. Sycomore Asset Management now owns 23,553 shares of the utilities provider’s stock worth $3,372,000 after purchasing an additional 12,901 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of American Water Works by 6.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,352 shares of the utilities provider’s stock worth $783,000 after purchasing an additional 306 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWK has been the subject of several research analyst reports. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Mizuho downgraded 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. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $140.00.

Insiders Place Their Bets

In related news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value 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 trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

American Water Works Price Performance

Shares of AWK remained flat at $132.02 during midday trading on Friday. The company’s stock had a trading volume of 478,964 shares, compared to its average volume of 1,192,963. The business has a fifty day simple moving average of $141.20 and a 200 day simple moving average of $137.22. 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 has a market capitalization of $25.73 billion, a PE ratio of 26.33, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68.

American Water Works Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

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.