Claro Advisors LLC Has $935,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Claro Advisors LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,390 shares of the utilities provider’s stock after acquiring an additional 765 shares during the quarter. Claro Advisors LLC’s holdings in American Water Works were worth $935,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in American Water Works during the second quarter worth about $30,000. Catalyst Capital Advisors LLC raised its stake in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in American Water Works during the third quarter worth about $51,000. Hantz Financial Services Inc. acquired a new position in American Water Works during the second quarter worth about $46,000. Finally, Assetmark Inc. raised its stake in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

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 that occurred on Tuesday, September 3rd. The stock was 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 approximately $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 can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

American Water Works Stock Performance

Shares of AWK stock opened at $134.23 on Monday. The business’s 50 day simple moving average is $141.00 and its 200 day simple moving average is $137.49. 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 market capitalization of $26.16 billion, a PE ratio of 26.58, a PEG ratio of 3.12 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s payout ratio is presently 60.59%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Jefferies Financial Group assumed 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. Mizuho cut 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 report on Tuesday, October 15th. 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. Finally, Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Four equities research 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, the company currently has a consensus rating of “Hold” and an average target price of $140.00.

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.