Haverford Trust Co Sells 197 Shares of American Water Works Company, Inc. (NYSE:AWK)

Haverford Trust Co lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,714 shares of the utilities provider’s stock after selling 197 shares during the quarter. Haverford Trust Co’s holdings in American Water Works were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. ORG Partners LLC purchased a new position in shares of American Water Works in the second quarter valued at about $30,000. Catalyst Capital Advisors LLC lifted its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new position in American Water Works in the 2nd quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in American Water Works during the 2nd quarter valued at approximately $50,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American Water Works during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 0.2 %

NYSE AWK opened at $132.11 on Friday. The company has a fifty day moving average of $141.44 and a two-hundred day moving average of $137.25. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $25.75 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 3.08 and a beta of 0.70.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a yield of 2.32%. American Water Works’s payout ratio is currently 60.59%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AWK shares. Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Bank of America reiterated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Four equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.00.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

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 1,700 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.