International Assets Investment Management LLC Buys 534,411 Shares of American Water Works Company, Inc. (NYSE:AWK)

International Assets Investment Management LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 14,944.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 537,987 shares of the utilities provider’s stock after purchasing an additional 534,411 shares during the quarter. International Assets Investment Management LLC owned 0.28% of American Water Works worth $786,750,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. ORG Partners LLC bought a new position in shares of American Water Works during the 2nd quarter worth about $30,000. Farmers & Merchants Investments Inc. increased its holdings in shares of American Water Works by 100.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 127 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of American Water Works during the 1st quarter worth about $41,000. Hantz Financial Services Inc. bought a new position in shares of American Water Works during the 2nd quarter worth about $46,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of American Water Works by 260.2% during the 1st quarter. Salomon & Ludwin LLC now owns 389 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 281 shares during the period. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AWK shares. Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. 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. Finally, Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.00.

American Water Works Price Performance

NYSE:AWK opened at $142.12 on Thursday. The firm has a market cap of $27.69 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $143.23 and its two-hundred day moving average price is $135.45.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.15%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

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.