ABLE Financial Group LLC Has $1.03 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

ABLE Financial Group LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,007 shares of the utilities provider’s stock after acquiring an additional 644 shares during the period. ABLE Financial Group LLC’s holdings in American Water Works were worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AWK. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the last quarter. Impax Asset Management Group plc raised its position in American Water Works by 3.7% during the 2nd 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 raised its position in American Water Works by 6.8% during 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 purchasing an additional 143,914 shares during the last quarter. Mirova US LLC lifted its holdings 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 period. Finally, Wulff Hansen & CO. grew its position in shares of American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Up 2.3 %

AWK traded up $3.00 during midday trading on Friday, hitting $135.84. The company had a trading volume of 180,052 shares, compared to its average volume of 1,195,219. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.25 and a beta of 0.70. The stock’s 50 day moving average price is $142.39 and its 200 day moving average price is $136.79. 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 Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68.

American Water Works Announces Dividend

The company also recently declared 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. This represents a $3.06 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the business’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 transaction of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Jefferies Financial Group assumed 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 on the stock. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average price target of $140.00.

American Water Works 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.