Stockman Wealth Management Inc. Buys Shares of 1,480 American Water Works Company, Inc. (NYSE:AWK)

Stockman Wealth Management Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,480 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other large investors have also modified their holdings of AWK. ORG Partners LLC bought a new position in American Water Works during the 2nd quarter worth $30,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new position in American Water Works in the 2nd quarter worth $46,000. Assetmark Inc. lifted its stake in shares of 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 buying an additional 89 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Water Works during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AWK shares. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group started 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 for the company. Finally, Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.00.

American Water Works Trading Up 2.4 %

American Water Works stock traded up $3.25 during midday trading on Friday, reaching $136.09. The stock had a trading volume of 1,076,188 shares, compared to its average volume of 963,091. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm’s fifty day simple moving average is $142.07 and its two-hundred day simple moving average is $137.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.21 and a beta of 0.70.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

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.