Public Sector Pension Investment Board Acquires 1,000 Shares of American Water Works Company, Inc. (NYSE:AWK)

Public Sector Pension Investment Board increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,029 shares of the utilities provider’s stock after acquiring an additional 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in American Water Works were worth $4,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ORG Partners LLC bought a new stake in shares of American Water Works during the 2nd quarter worth $30,000. Catalyst Capital Advisors LLC increased its holdings 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 worth $44,000 after buying an additional 182 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in American Water Works in the second quarter worth about $46,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in American Water Works in the second quarter valued at about $50,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of American Water Works during the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Activity

In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AWK. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on 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. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.29.

American Water Works Trading Down 1.0 %

Shares of American Water Works stock opened at $136.94 on Monday. The company’s 50-day moving average price is $138.92 and its 200-day moving average price is $137.89. 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 Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market cap of $26.69 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.19 and a beta of 0.70.

American Water Works Dividend Announcement

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

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.