American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Kingfisher Capital LLC

Kingfisher Capital LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,261 shares of the utilities provider’s stock after selling 2,868 shares during the period. American Water Works makes up 1.1% of Kingfisher Capital LLC’s investment portfolio, making the stock its 28th largest holding. Kingfisher Capital LLC’s holdings in American Water Works were worth $4,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of American Water Works during the 2nd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC raised its holdings in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in American Water Works during the second quarter worth $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Water Works in the second quarter valued at $50,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American Water Works in the third quarter valued at $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.5 %

Shares of NYSE AWK opened at $138.31 on Friday. The firm’s 50 day moving average price is $139.13 and its 200 day moving average price is $137.80. 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 firm has a market cap of $26.96 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

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

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of several recent research reports. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. 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. Jefferies Financial Group started coverage on American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.