Arrow Financial Corp Has $1.44 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Arrow Financial Corp grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 55.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,873 shares of the utilities provider’s stock after buying an additional 3,506 shares during the period. Arrow Financial Corp’s holdings in American Water Works were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. Lake Street Advisors Group LLC increased its holdings in American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of American Water Works by 2.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares in the last quarter. Invesco LLC increased its stake in American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares during the period. Asset Dedication LLC raised its position in American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 85 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in American Water Works by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 88 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $136.09 on Friday. The stock has a 50-day simple moving average of $142.07 and a 200 day simple moving average of $136.88. The stock has a market capitalization of $26.52 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.21 and a beta of 0.70. 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 12-month low of $113.34 and a 12-month high of $150.68.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Buying and Selling

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AWK. Bank of America reiterated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company lowered 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 note on Wednesday, July 31st. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.00.

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.