Fiduciary Trust Co Invests $216,000 in American Water Works Company, Inc. (NYSE:AWK)

Fiduciary Trust Co acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the third quarter, HoldingsChannel reports. The fund acquired 1,477 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other hedge funds also recently bought and sold shares of the company. Lake Street Advisors Group LLC increased its holdings in American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 75 shares during the period. Miracle Mile Advisors LLC increased its stake in shares of American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after buying an additional 79 shares during the period. Invesco LLC raised its holdings in shares of American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares in the last quarter. Asset Dedication LLC lifted its stake in American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 85 shares during the period. Finally, Assetmark Inc. boosted its holdings 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 acquiring an additional 89 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America restated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 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 company. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Down 1.0 %

Shares of NYSE:AWK opened at $136.94 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $138.92 and a two-hundred day simple moving average of $137.89. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.19 and a beta of 0.70.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is presently 60.59%.

Insider Buying and Selling

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works 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 transaction, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is currently owned by company insiders.

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.