Brooklyn Investment Group Takes $92,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Brooklyn Investment Group acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 627 shares of the utilities provider’s stock, valued at approximately $92,000.

A number of other large investors have also made changes to their positions in the stock. Lake Street Advisors Group LLC increased its stake in American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 75 shares during the period. Miracle Mile Advisors LLC lifted 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 buying an additional 79 shares during the period. Invesco LLC lifted its holdings in American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after buying an additional 82 shares during the period. Asset Dedication LLC lifted its holdings in American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares during the period. Finally, Moody National Bank Trust Division lifted its holdings in American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity at American Water Works

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

Analysts Set New Price Targets

AWK has been the topic of several analyst reports. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $142.29.

American Water Works Stock Up 0.5 %

Shares of AWK stock opened at $138.31 on Friday. The company has a market capitalization of $26.96 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 3.18 and a beta of 0.70. 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 fifty day moving average of $139.13 and a 200-day moving average of $137.80. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 yield of 2.21%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

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.