One Charles Private Wealth Services LLC Sells 258 Shares of American Water Works Company, Inc. (NYSE:AWK)

One Charles Private Wealth Services LLC lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,706 shares of the utilities provider’s stock after selling 258 shares during the quarter. American Water Works accounts for approximately 1.3% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 13th largest position. One Charles Private Wealth Services LLC’s holdings in American Water Works were worth $3,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in American Water Works by 2.5% in the first quarter. Bessemer Group Inc. now owns 6,707 shares of the utilities provider’s stock worth $819,000 after acquiring an additional 162 shares in the last quarter. LRI Investments LLC bought a new position in shares of American Water Works in the 1st quarter worth $171,000. Lazard Asset Management LLC grew its position in American Water Works by 52.6% in the 1st quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 6,562 shares during the period. Magnetar Financial LLC increased its stake in American Water Works by 18.1% during the 1st quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider’s stock valued at $3,033,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Ascent Group LLC raised its holdings in American Water Works by 7.3% during the first quarter. Ascent Group LLC now owns 11,496 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 783 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $137.31 on Friday. The business’s fifty day simple moving average is $140.05 and its 200 day simple moving average is $137.69. 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 has a market capitalization of $26.76 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70.

American Water Works Dividend Announcement

The firm also recently announced 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. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s payout ratio is 60.59%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of analyst reports. Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.29.

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.