Ipswich Investment Management Co. Inc. Decreases Position in American Water Works Company, Inc. (NYSE:AWK)

Ipswich Investment Management Co. Inc. reduced its position in American Water Works Company, Inc. (NYSE:AWK) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,321 shares of the utilities provider’s stock after selling 185 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in American Water Works were worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AWK. Lake Street Advisors Group LLC increased its holdings in shares of American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after buying an additional 75 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of American Water Works by 2.9% during 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 last quarter. Invesco LLC raised its holdings in shares of American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after buying an additional 82 shares during the period. Asset Dedication LLC lifted its stake in shares of American Water Works by 1.6% during the 2nd 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. Finally, Moody National Bank Trust Division grew its position in American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 88 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AWK has been the subject of several research analyst reports. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.00.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction 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 directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Stock Up 1.7 %

AWK stock opened at $134.23 on Friday. 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 Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market capitalization of $26.16 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.08 and a beta of 0.70. The firm has a 50 day moving average of $141.00 and a 200 day moving average of $137.30.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, November 12th. American Water Works’s payout ratio is 60.59%.

American Water Works Company 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.