OneAscent Financial Services LLC Has $219,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

OneAscent Financial Services LLC cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,494 shares of the utilities provider’s stock after selling 163 shares during the period. OneAscent Financial Services LLC’s holdings in American Water Works were worth $219,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wulff Hansen & CO. grew its holdings in shares of American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after purchasing an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after buying an additional 534,411 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of American Water Works by 631.4% in the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares during the period. Finally, Sei Investments Co. boosted its position in American Water Works by 201.9% during the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after buying an additional 291,315 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AWK shares. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Four 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.29.

Insider Activity at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the 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 transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by corporate insiders.

American Water Works Trading Up 1.1 %

NYSE AWK opened at $138.19 on Wednesday. The stock has a market capitalization of $26.93 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.12 and a beta of 0.70. The business has a 50 day simple moving average of $140.62 and a 200 day simple moving average 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 Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.21%. American Water Works’s dividend 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.