Boston Family Office LLC Buys 403 Shares of American Water Works Company, Inc. (NYSE:AWK)

Boston Family Office LLC lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,935 shares of the utilities provider’s stock after purchasing an additional 403 shares during the period. Boston Family Office LLC’s holdings in American Water Works were worth $868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of American Water Works during the 2nd quarter valued at about $30,000. Catalyst Capital Advisors LLC boosted its position in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of American Water Works during the 2nd quarter valued at about $46,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of American Water Works during the 2nd quarter valued at about $50,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American Water Works during the 3rd quarter valued at about $51,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $136.76 on Tuesday. The company has a market cap of $26.65 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The business has a 50 day moving average price of $139.80 and a 200-day moving average price of $137.78. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

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. This represents a $3.06 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AWK. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.29.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

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.