Townsquare Capital LLC Purchases 2,232 Shares of American Water Works Company, Inc. (NYSE:AWK)

Townsquare Capital LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,734 shares of the utilities provider’s stock after acquiring an additional 2,232 shares during the quarter. Townsquare Capital LLC’s holdings in American Water Works were worth $8,004,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AWK. Wulff Hansen & CO. raised its stake in shares of American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after acquiring an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 worth $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after acquiring an additional 534,411 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after acquiring an additional 384,836 shares in the last quarter. Finally, Sei Investments Co. increased its stake in American Water Works by 201.9% during the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock valued at $56,264,000 after purchasing an additional 291,315 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Martha Clark Goss sold 710 shares of the stock in a transaction 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 sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AWK. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.29.

American Water Works Stock Up 0.5 %

NYSE:AWK opened at $138.31 on Thursday. The firm has a market capitalization of $26.95 billion, a P/E ratio of 27.39, a PEG ratio of 3.18 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company’s fifty day moving average price is $139.34 and its 200-day moving average price is $137.80. 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. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date of this dividend 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 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.