American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Davis R M Inc.

Davis R M Inc. lowered its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,208 shares of the utilities provider's stock after selling 9,969 shares during the period. Davis R M Inc. owned 0.17% of American Water Works worth $48,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Impax Asset Management Group plc raised its stake in shares of American Water Works by 3.7% in the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider's stock worth $890,422,000 after purchasing an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in American Water Works by 6.8% in the 3rd 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 during the period. Mirova US LLC raised its position in American Water Works by 2.1% during the 2nd 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 during the last quarter. Wulff Hansen & CO. lifted its stake in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock valued at $189,177,000 after acquiring an additional 1,453,334 shares during the period. Finally, Victory Capital Management Inc. boosted its position in American Water Works by 1,131.1% in the 3rd 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. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Water Works

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

Analyst Ratings Changes

AWK has been the subject of several analyst reports. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price for the company. Bank of America restated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research upgraded American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and increased their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $142.29.

American Water Works Price Performance

AWK traded down $0.21 on Monday, hitting $137.10. 464,180 shares of the company's stock were exchanged, compared to its average volume of 1,195,742. The firm has a 50-day moving average price of $140.05 and a 200-day moving average price of $137.76. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 3.20 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68.

American Water Works Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.23%. 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.