2,978 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Prossimo Advisors LLC

Prossimo Advisors LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,978 shares of the utilities provider’s stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after purchasing an additional 624,977 shares during the period. Edgestream Partners L.P. boosted its position in shares of American Water Works by 153.8% in the first quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock valued at $1,667,000 after acquiring an additional 8,266 shares during the period. Duality Advisers LP grew its stake in shares of American Water Works by 202.2% in the first quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider’s stock worth $5,699,000 after acquiring an additional 31,203 shares during the last quarter. AQR Capital Management LLC increased its position in American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after acquiring an additional 5,564 shares during the period. Finally, Howland Capital Management LLC raised its stake in American Water Works by 20.0% during the 1st quarter. Howland Capital Management LLC now owns 163,185 shares of the utilities provider’s stock valued at $19,943,000 after purchasing an additional 27,200 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works 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 transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on AWK. Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $140.00.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $136.00 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. The business’s fifty day moving average price is $142.73 and its two-hundred day moving average price is $136.41. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.77% and a return on equity of 9.84%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 earnings per share. As a group, analysts predict that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

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

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.