Meeder Advisory Services Inc. Has $621,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Meeder Advisory Services Inc. lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,250 shares of the utilities provider’s stock after buying an additional 333 shares during the quarter. Meeder Advisory Services Inc.’s holdings in American Water Works were worth $621,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AWK. ORG Partners LLC bought a new stake in shares of American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC boosted its stake in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of American Water Works in the 2nd quarter valued at about $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of American Water Works in the 2nd quarter valued at about $50,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the third quarter valued at about $51,000. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AWK shares. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a research note on Tuesday. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Finally, 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 target on the stock. Four 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, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Trading Up 1.1 %

AWK stock opened at $138.19 on Wednesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. The company has a fifty day moving average price of $140.62 and a two-hundred day moving average price of $137.63. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, November 12th. American Water Works’s payout ratio is 60.59%.

Insider Activity at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the business’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. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

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.