DRW Securities LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

DRW Securities LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,085 shares of the utilities provider’s stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC bought a new position in shares of American Water Works during the 2nd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC boosted its position in shares of American Water Works by 155.6% during the 3rd 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. bought a new position in shares of American Water Works during the 2nd quarter valued at approximately $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of American Water Works during the 2nd quarter valued at approximately $50,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of American Water Works during the 3rd quarter valued at approximately $51,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AWK has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. UBS Group upgraded 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 research report on Tuesday, November 19th. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Stock Down 0.4 %

NYSE:AWK opened at $136.76 on Tuesday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. The stock has a fifty day simple moving average of $139.80 and a 200-day simple moving average of $137.78. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

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 paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.24%. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Activity

In other news, Director Martha Clark Goss sold 710 shares of the firm’s 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 transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

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.