1,388 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Washington Trust Bank

Washington Trust Bank acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,388 shares of the utilities provider’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC increased its holdings in shares of American Water Works by 67.4% in the first quarter. Norden Group LLC now owns 2,932 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 1,180 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of American Water Works in the first quarter valued at approximately $41,000. Larson Financial Group LLC increased its holdings in shares of American Water Works by 61.9% in the first quarter. Larson Financial Group LLC now owns 510 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 195 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of American Water Works by 3.6% in the first quarter. Empirical Finance LLC now owns 6,748 shares of the utilities provider’s stock valued at $825,000 after purchasing an additional 237 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of American Water Works by 78.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,939 shares of the utilities provider’s stock valued at $1,337,000 after purchasing an additional 4,825 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.00.

Insider Activity 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 shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

American Water Works Trading Down 0.6 %

Shares of NYSE AWK opened at $132.84 on Friday. The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.25 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company’s fifty day moving average is $142.39 and its 200-day moving average is $136.79. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.30%. 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.