Sycomore Asset Management Has $3.37 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Sycomore Asset Management increased its position in American Water Works Company, Inc. (NYSE:AWK) by 121.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,553 shares of the utilities provider’s stock after purchasing an additional 12,901 shares during the quarter. Sycomore Asset Management’s holdings in American Water Works were worth $3,372,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AWK. Lake Street Advisors Group LLC lifted its position in shares of American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in American Water Works by 2.9% in the 3rd 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 in the last quarter. Invesco LLC raised its holdings in American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after acquiring an additional 82 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of American Water Works by 1.6% during the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after buying an additional 85 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 88 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 0.6 %

Shares of NYSE:AWK traded up $0.76 during midday trading on Thursday, hitting $133.20. 218,125 shares of the stock were exchanged, compared to its average volume of 1,192,664. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month 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 business’s 50-day moving average price is $141.44 and its 200 day moving average price is $137.25. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.08 and a beta of 0.70.

American Water Works Dividend Announcement

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. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.30%. American Water Works’s payout ratio is 60.59%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AWK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Wells Fargo & Company downgraded 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 report on Wednesday, July 31st. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.00.

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 on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.