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

DRW Securities LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,085 shares of the utilities provider's stock, valued at approximately $1,036,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWK. Lazard Asset Management LLC boosted its position in American Water Works by 52.6% during the 1st quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider's stock valued at $2,326,000 after acquiring an additional 6,562 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in American Water Works by 20.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,082 shares of the utilities provider's stock worth $1,744,000 after purchasing an additional 2,358 shares in the last quarter. California State Teachers Retirement System lifted its position in American Water Works by 7.4% during the first quarter. California State Teachers Retirement System now owns 420,963 shares of the utilities provider's stock valued at $51,446,000 after buying an additional 29,100 shares during the period. Tidal Investments LLC boosted its holdings in shares of American Water Works by 33.4% during the 1st quarter. Tidal Investments LLC now owns 31,900 shares of the utilities provider's stock valued at $3,898,000 after buying an additional 7,988 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of American Water Works by 14,873.1% in the 1st quarter. Plato Investment Management Ltd now owns 35,037 shares of the utilities provider's stock worth $4,282,000 after buying an additional 34,803 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insider Buying and Selling

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 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 of the company's stock, valued at approximately $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Stock Performance

American Water Works stock traded up $0.89 during midday trading on Tuesday, reaching $137.63. 1,332,839 shares of the company traded hands, compared to its average volume of 1,213,262. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business has a 50 day moving average of $139.56 and a two-hundred day moving average of $137.80. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. American Water Works's dividend payout ratio (DPR) is currently 60.59%.

Analyst Ratings Changes

A number of brokerages have weighed in on AWK. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective for the company. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company lowered American Water Works from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Wolfe Research raised shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Four equities research 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. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and a consensus target price of $142.29.

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.