W.H. Cornerstone Investments Inc. Has $247,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

W.H. Cornerstone Investments Inc. lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,688 shares of the utilities provider’s stock after selling 339 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in American Water Works were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after buying an additional 624,977 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in American Water Works by 153.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock worth $1,667,000 after acquiring an additional 8,266 shares during the last quarter. Duality Advisers LP grew its stake in shares of American Water Works by 202.2% in the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider’s stock worth $5,699,000 after acquiring an additional 31,203 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of American Water Works by 21.6% in the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after purchasing an additional 5,564 shares during the last quarter. Finally, Howland Capital Management LLC lifted its position in shares of American Water Works by 20.0% during the first quarter. Howland Capital Management LLC now owns 163,185 shares of the utilities provider’s stock valued at $19,943,000 after purchasing an additional 27,200 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Bank of America restated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.00.

American Water Works Stock Down 0.5 %

AWK stock opened at $135.30 on Tuesday. The stock has a fifty day moving average of $142.61 and a 200-day moving average of $136.68. 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 market capitalization of $26.37 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.27 and a beta of 0.70. 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 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 paid a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.26%. American Water Works’s payout ratio is 60.59%.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.