American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,541 shares of the utilities provider’s stock after selling 262 shares during the period. Crestwood Advisors Group LLC’s holdings in American Water Works were worth $664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wulff Hansen & CO. grew its stake in shares of American Water Works by 12,816.0% in the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after acquiring an additional 1,453,334 shares in the last quarter. M&G Plc acquired a new position in American Water Works during the 1st quarter worth $108,688,000. Vanguard Group Inc. increased its holdings in American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. International Assets Investment Management LLC raised its position in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after purchasing an additional 534,411 shares in the last quarter. Finally, Nuance Investments LLC boosted its stake in shares of American Water Works by 70.3% in the 1st quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock valued at $117,115,000 after buying an additional 395,684 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Down 2.6 %

American Water Works stock opened at $133.61 on Thursday. The company has a market capitalization of $26.04 billion, a P/E ratio of 26.46, 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 Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The stock has a 50-day simple moving average of $142.39 and a 200-day simple moving average of $136.79.

American Water Works Announces Dividend

The firm 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 dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Buying and Selling

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AWK. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. 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 objective on the stock. Bank of America reiterated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.00.

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.