American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Kingfisher Capital LLC

Kingfisher Capital LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 33,261 shares of the utilities provider’s stock after selling 2,868 shares during the period. American Water Works makes up approximately 1.1% of Kingfisher Capital LLC’s holdings, making the stock its 28th biggest holding. Kingfisher Capital LLC’s holdings in American Water Works were worth $4,864,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AWK. AQR Capital Management LLC increased its stake in American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after acquiring an additional 5,564 shares during the last quarter. Boston Trust Walden Corp increased its position in American Water Works by 350.4% during the 2nd quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock worth $1,338,000 after purchasing an additional 8,060 shares in the last quarter. Swedbank AB increased its position in American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after purchasing an additional 42,094 shares in the last quarter. MBB Public Markets I LLC purchased a new position in American Water Works in the second quarter valued at approximately $1,610,000. Finally, Cetera Investment Advisers lifted its position in American Water Works by 201.8% during the first quarter. Cetera Investment Advisers now owns 57,198 shares of the utilities provider’s stock valued at $6,990,000 after buying an additional 38,246 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AWK. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $142.29.

Insider Activity 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Price Performance

AWK stock opened at $138.31 on Friday. The stock’s 50 day moving average is $139.13 and its two-hundred day moving average is $137.80. 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 market capitalization of $26.96 billion, a PE ratio of 27.39, a P/E/G ratio of 3.22 and a beta of 0.70. 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 declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.21%. American Water Works’s dividend payout ratio (DPR) is presently 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.