Darwin Wealth Management LLC Invests $178,000 in American Water Works Company, Inc. (NYSE:AWK)

Darwin Wealth Management LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,216 shares of the utilities provider’s stock, valued at approximately $178,000.

Several other institutional investors also recently added to or reduced their stakes in AWK. ORG Partners LLC purchased a new stake in American Water Works in the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% during 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. bought a new position in shares of American Water Works in the second quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of American Water Works in the second quarter worth approximately $50,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of American Water Works in the third quarter worth approximately $51,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

AWK opened at $137.89 on Thursday. The business’s 50-day moving average is $140.43 and its two-hundred day moving average is $137.63. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year 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 firm has a market capitalization of $26.87 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70.

American Water Works Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $151.00 to $155.00 in a research report on Tuesday. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Finally, Bank of America restated an “underperform” rating and set a $140.00 price target 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $142.29.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’s 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 completion of the sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.