American Water Works Company, Inc. (NYSE:AWK) is Atom Investors LP’s 8th Largest Position

Atom Investors LP reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.8% in the 3rd quarter, Holdings Channel reports. The fund owned 67,986 shares of the utilities provider’s stock after selling 10,853 shares during the period. American Water Works makes up 1.0% of Atom Investors LP’s investment portfolio, making the stock its 8th largest position. Atom Investors LP’s holdings in American Water Works were worth $9,942,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AWK. Atria Investments Inc purchased a new position in American Water Works during the first quarter valued at approximately $1,044,000. Cetera Investment Advisers increased its position in shares of American Water Works by 201.8% in the first quarter. Cetera Investment Advisers now owns 57,198 shares of the utilities provider’s stock valued at $6,990,000 after buying an additional 38,246 shares in the last quarter. Cetera Advisors LLC increased its position in shares of American Water Works by 175.8% in the first quarter. Cetera Advisors LLC now owns 13,216 shares of the utilities provider’s stock valued at $1,615,000 after buying an additional 8,424 shares in the last quarter. GAMMA Investing LLC increased its position in shares of American Water Works by 125.5% in the second quarter. GAMMA Investing LLC now owns 2,336 shares of the utilities provider’s stock valued at $302,000 after buying an additional 1,300 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of American Water Works by 22.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 838 shares of the utilities provider’s stock valued at $108,000 after buying an additional 153 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Price Performance

NYSE:AWK opened at $136.94 on Monday. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $26.69 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.19 and a beta of 0.70. The stock’s fifty day moving average is $138.92 and its two-hundred day moving average is $137.89.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.23%. American Water Works’s dividend payout ratio is currently 60.59%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AWK shares. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Bank of America reissued an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, Wolfe Research raised 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, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $142.29.

Insider Buying and Selling 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 sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

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.