Mayflower Financial Advisors LLC Sells 98 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mayflower Financial Advisors LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.5% in the third quarter, HoldingsChannel reports. The firm owned 2,091 shares of the utilities provider’s stock after selling 98 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in American Water Works were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in American Water Works during the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC grew its position in shares of American Water Works by 155.6% during the 3rd 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 period. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works in the 2nd quarter worth $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in American Water Works in the 2nd quarter worth $50,000. Finally, Assetmark Inc. lifted its position in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction 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 transaction, the director now owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

American Water Works Price Performance

NYSE:AWK opened at $136.09 on Monday. The business’s 50-day moving average is $142.07 and its 200 day moving average is $137.00. 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 market capitalization of $26.52 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.21 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on AWK shares. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Finally, Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, four have issued 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 a consensus price target of $140.00.

About American Water Works

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.