Coldstream Capital Management Inc. Invests $713,000 in American Water Works Company, Inc. (NYSE:AWK)

Coldstream Capital Management Inc. bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,228 shares of the utilities provider's stock, valued at approximately $713,000.

Several other institutional investors have also bought and sold shares of AWK. ORG Partners LLC acquired a new position in American Water Works during the 2nd quarter worth $30,000. Catalyst Capital Advisors LLC boosted its holdings in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 182 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in American Water Works in the second quarter worth about $46,000. Ashton Thomas Securities LLC bought a new stake in American Water Works during the 3rd quarter worth about $51,000. Finally, Assetmark Inc. lifted its position in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Down 0.7 %

Shares of AWK traded down $0.96 during mid-day trading on Friday, hitting $129.59. 747,829 shares of the company's stock were exchanged, compared to its average volume of 1,204,335. 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 Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a market cap of $25.26 billion, a PE ratio of 25.66, a P/E/G ratio of 3.03 and a beta of 0.70. The company has a 50-day simple moving average of $136.27 and a 200 day simple moving average of $137.88.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's dividend payout ratio (DPR) is currently 60.59%.

Analyst Upgrades and Downgrades

AWK has been the subject of several analyst reports. Wolfe Research upgraded shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 price target on the stock. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Bank of America reissued an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.