Cynosure Group LLC Sells 92 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cynosure Group LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,836 shares of the utilities provider’s stock after selling 92 shares during the quarter. Cynosure Group LLC’s holdings in American Water Works were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Impax Asset Management Group plc lifted its stake in shares of American Water Works by 3.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after purchasing an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after purchasing an additional 143,914 shares during the last quarter. Mirova US LLC lifted its stake in American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after buying an additional 32,764 shares during the period. Wulff Hansen & CO. boosted its holdings in American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after buying an additional 1,453,334 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after buying an additional 1,321,320 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 0.5 %

AWK opened at $138.31 on Thursday. The stock has a market capitalization of $26.95 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.18 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The firm’s fifty day simple moving average is $139.34 and its 200 day simple moving average is $137.80.

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 issued a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.21%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction 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 sale, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America reiterated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Jefferies Financial Group began coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. UBS Group raised 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 research note on Tuesday, November 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $142.29.

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.