Clearstead Advisors LLC reduced its position in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,766 shares of the utilities provider’s stock after selling 103 shares during the quarter. Clearstead Advisors LLC’s holdings in American Water Works were worth $590,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Clear Street Markets LLC acquired a new position in American Water Works in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. acquired a new position in shares of American Water Works during the second quarter worth about $29,000. Tyler Stone Wealth Management acquired a new position in shares of American Water Works during the second quarter worth about $29,000. Pacifica Partners Inc. acquired a new position in shares of American Water Works during the third quarter worth about $30,000. Finally, Quarry LP acquired a new position in shares of American Water Works during the second quarter worth about $31,000. 84.99% of the stock is owned by institutional investors and hedge funds.
American Water Works Price Performance
AWK stock opened at $124.40 on Wednesday. The business has a 50 day moving average price of $130.67 and a 200 day moving average price of $131.86. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.14 and a beta of 0.65. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $162.59. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.18.
American Water Works Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, February 7th. American Water Works’s dividend payout ratio (DPR) is 58.71%.
Insider Buying and Selling at American Water Works
In related news, Director Michael Marberry acquired 3,786 shares of American Water Works stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $130.20 per share, for a total transaction of $492,937.20. Following the completion of the transaction, the director now directly owns 7,459 shares of the company’s stock, valued at $971,161.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
AWK has been the subject of a number of analyst reports. StockNews.com initiated coverage on American Water Works in a research report on Thursday, October 5th. They set a “sell” rating for the company. Mizuho boosted their price objective on American Water Works from $134.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, Guggenheim decreased their target price on American Water Works from $147.00 to $126.00 in a research note on Monday, October 9th.
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 1,600 communities in 14 states serving approximately 3.4 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.
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