DRW Securities LLC Makes New $1.04 Million Investment in American Water Works Company, Inc. (NYSE:AWK)

DRW Securities LLC bought a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,085 shares of the utilities provider’s stock, valued at approximately $1,036,000.

A number of other large investors have also added to or reduced their stakes in AWK. Wulff Hansen & CO. raised its holdings in 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 purchasing an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. raised its holdings in American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares in the last quarter. International Assets Investment Management LLC raised its holdings in American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in American Water Works by 631.4% in the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after purchasing an additional 384,836 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in American Water Works by 201.9% in the second quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after purchasing an additional 291,315 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

Shares of NYSE AWK opened at $136.76 on Tuesday. The business’s 50 day moving average price is $139.80 and its 200 day moving average price is $137.78. The firm has a market cap of $26.65 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.20 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.24%. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’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 sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent research reports. Jefferies Financial Group began coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Wells Fargo & Company downgraded 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 report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.29.

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.