Townsquare Capital LLC Boosts Holdings in American Water Works Company, Inc. (NYSE:AWK)

Townsquare Capital LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,734 shares of the utilities provider’s stock after purchasing an additional 2,232 shares during the period. Townsquare Capital LLC’s holdings in American Water Works were worth $8,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Impax Asset Management Group plc lifted its holdings in American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after purchasing an additional 247,745 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after buying an additional 143,914 shares in the last quarter. Mirova US LLC lifted its stake in shares of American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after buying an additional 32,764 shares in the last quarter. Wulff Hansen & CO. lifted 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 buying an additional 1,453,334 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of 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 buying an additional 1,321,320 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated 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 sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of several research reports. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Water Works has an average rating of “Hold” and an average price target of $142.29.

American Water Works Price Performance

Shares of AWK opened at $138.31 on Thursday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The stock has a market cap of $26.95 billion, a PE ratio of 27.39, a P/E/G ratio of 3.18 and a beta of 0.70. The firm has a 50-day simple moving average of $139.34 and a two-hundred day simple moving average of $137.80. 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 declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio is presently 60.59%.

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.