Baron Silver Stevens Financial Advisors LLC Has $209,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Baron Silver Stevens Financial Advisors LLC lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,427 shares of the utilities provider’s stock after selling 499 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in American Water Works were worth $209,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of American Water Works by 4.4% during the third quarter. US Bancorp DE now owns 50,503 shares of the utilities provider’s stock valued at $7,386,000 after acquiring an additional 2,125 shares during the period. Tevis Investment Management acquired a new stake in American Water Works during the 3rd quarter valued at $221,000. Pinnacle Associates Ltd. lifted its holdings in shares of American Water Works by 8.3% in the third quarter. Pinnacle Associates Ltd. now owns 3,824 shares of the utilities provider’s stock valued at $559,000 after purchasing an additional 294 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of American Water Works by 49.0% in the third quarter. First Trust Direct Indexing L.P. now owns 11,767 shares of the utilities provider’s stock worth $1,721,000 after buying an additional 3,870 shares during the period. Finally, Highline Wealth Partners LLC purchased a new position in shares of American Water Works during the third quarter valued at $506,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

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 on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AWK shares. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective 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 target on shares of American Water Works in a report on Friday, September 20th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $140.00.

American Water Works Trading Up 1.8 %

Shares of NYSE:AWK opened at $138.11 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $26.91 billion, a PE ratio of 28.13, a P/E/G ratio of 3.28 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The firm has a fifty day moving average price of $142.81 and a 200 day moving average price of $136.11.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.04). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.20 billion. Analysts expect that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 62.32%.

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.