Quest Partners LLC Acquires Shares of 1,554 American Water Works Company, Inc. (NYSE:AWK)

Quest Partners LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,554 shares of the utilities provider’s stock, valued at approximately $227,000.

A number of other hedge funds also recently modified their holdings of AWK. ORG Partners LLC bought a new stake in American Water Works during the second quarter worth about $30,000. Catalyst Capital Advisors LLC raised its position in shares of American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after buying an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of American Water Works during the 2nd quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $50,000. Finally, Ashton Thomas Securities LLC bought a new position in American Water Works in the third quarter valued at approximately $51,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.7 %

AWK opened at $137.63 on Wednesday. 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 Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company’s 50 day moving average price is $139.56 and its two-hundred day moving average price is $137.80. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 3.20 and a beta of 0.70.

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 $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.22%. American Water Works’s dividend payout ratio is 60.59%.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AWK shares. Jefferies Financial Group started coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Water Works presently has an average 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.