Meeder Advisory Services Inc. Has $621,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Meeder Advisory Services Inc. raised its position in American Water Works Company, Inc. (NYSE:AWK) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,250 shares of the utilities provider’s stock after acquiring an additional 333 shares during the period. Meeder Advisory Services Inc.’s holdings in American Water Works were worth $621,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Wulff Hansen & CO. raised its stake in shares of American Water Works by 12,816.0% in the second 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. International Assets Investment Management LLC increased its stake in 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 acquiring an additional 534,411 shares during the period. Assenagon Asset Management S.A. raised its position in 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 worth $65,192,000 after purchasing an additional 384,836 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in American Water Works by 201.9% during the second quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after purchasing an additional 291,315 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Finally, Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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 American Water Works stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Stock Up 1.1 %

Shares of NYSE AWK opened at $138.19 on Wednesday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The firm’s 50-day moving average is $140.62 and its 200-day moving average is $137.63. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $26.93 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders 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 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.