1,477 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Fiduciary Trust Co

Fiduciary Trust Co acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,477 shares of the utilities provider’s stock, valued at approximately $216,000.

Other large investors have also recently made changes to their positions in the company. Impax Asset Management Group plc increased its holdings in American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after buying an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of American Water Works by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares during the period. Mirova US LLC increased its stake in shares of American Water Works by 2.1% during the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after purchasing an additional 32,764 shares during the last quarter. Wulff Hansen & CO. raised its holdings in shares of American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after purchasing an additional 1,453,334 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE:AWK opened at $136.94 on Monday. The company has a 50 day moving average of $138.92 and a 200 day moving average of $137.89. 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 stock has a market cap of $26.69 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.19 and a beta of 0.70. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.23%. American Water Works’s payout ratio is currently 60.59%.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AWK. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded 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 research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $142.29.

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.