American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,348 shares of the utilities provider’s stock after acquiring an additional 3,560 shares during the quarter. Barclays PLC owned about 0.19% of American Water Works worth $55,037,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Lake Street Advisors Group LLC raised its stake in 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 worth $272,000 after purchasing an additional 75 shares during the period. IHT Wealth Management LLC raised its position in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after buying an additional 76 shares during the period. Miracle Mile Advisors LLC boosted its holdings in American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 79 shares during the last quarter. Invesco LLC grew its position in 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 during the period. Finally, Asset Dedication LLC increased its stake in American Water Works by 1.6% during 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 last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AWK. Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Finally, Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $142.29.

American Water Works Trading Up 0.2 %

Shares of AWK opened at $130.57 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a 50-day moving average price of $136.81 and a 200 day moving average price of $137.84. The company has a market capitalization of $25.45 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.08 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, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s 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.