Pitcairn Co. Acquires Shares of 1,373 American Water Works Company, Inc. (NYSE:AWK)

Pitcairn Co. bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,373 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. ORG Partners LLC acquired a new stake in American Water Works during the second quarter worth approximately $30,000. Catalyst Capital Advisors LLC grew its holdings 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 worth $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of American Water Works during the 3rd quarter worth $51,000. Hantz Financial Services Inc. bought a new position in shares of American Water Works in the second quarter worth $46,000. Finally, Assetmark Inc. raised its stake in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given 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.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of American Water Works 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 sale, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

American Water Works Stock Up 0.5 %

Shares of AWK opened at $138.31 on Thursday. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.18 and a beta of 0.70. 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 debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock has a fifty day moving average of $139.34 and a 200-day moving average of $137.80.

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. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s payout ratio is 60.59%.

American Water Works 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.