Boston Family Office LLC Raises Stock Holdings in 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% in the third quarter, HoldingsChannel.com reports. The fund owned 5,935 shares of the utilities provider’s stock after acquiring an additional 403 shares during the period. Boston Family Office LLC’s holdings in American Water Works were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of American Water Works during the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC increased its position in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 182 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works during the second quarter valued at approximately $46,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in American Water Works in the second quarter worth $50,000. Finally, Ashton Thomas Securities LLC purchased a new stake in American Water Works in the third quarter worth $51,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent research reports. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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 on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

American Water Works Price Performance

American Water Works stock opened at $136.76 on Tuesday. The firm has a market capitalization of $26.65 billion, a P/E ratio of 27.08, a PEG ratio of 3.20 and a beta of 0.70. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business has a fifty day moving average price of $139.80 and a 200-day moving average price of $137.78. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.24%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is 60.59%.

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.