Smithfield Trust Co Has $231,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Smithfield Trust Co increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,604 shares of the utilities provider’s stock after purchasing an additional 293 shares during the period. Smithfield Trust Co’s holdings in American Water Works were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC acquired a new position in American Water Works in the 2nd quarter worth $30,000. Catalyst Capital Advisors LLC raised its stake 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. Hantz Financial Services Inc. acquired a new position in shares of American Water Works during the 2nd quarter worth about $46,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in American Water Works in the second quarter valued at approximately $50,000. Finally, Ashton Thomas Securities LLC bought a new stake in American Water Works in the 3rd quarter valued at $51,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Mizuho downgraded 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 report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Four 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Stock Up 0.6 %

NYSE AWK opened at $138.70 on Friday. The business has a fifty day moving average price of $140.27 and a two-hundred day moving average price of $137.64. The stock has a market capitalization of $27.03 billion, a PE ratio of 27.46, a PEG ratio of 3.22 and a beta of 0.70. 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.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.21%. American Water Works’s payout ratio is presently 60.59%.

Insider Activity at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by company 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.