Kentucky Retirement Systems Insurance Trust Fund Has $844,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,769 shares of the utilities provider’s stock after selling 515 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in American Water Works were worth $844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC bought a new stake in American Water Works in the 2nd quarter valued at about $30,000. Catalyst Capital Advisors LLC boosted its stake in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after buying an additional 182 shares during the period. Hantz Financial Services Inc. acquired a new stake in American Water Works during the second quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in American Water Works during the 2nd quarter worth $50,000. Finally, Ashton Thomas Securities LLC acquired a new position in American Water Works in the 3rd quarter valued at $51,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Wells Fargo & Company downgraded shares of 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. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.00.

American Water Works Trading Up 1.7 %

NYSE AWK opened at $134.23 on Monday. The company has a market cap of $26.16 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average is $141.00 and its 200 day moving average is $137.49.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. 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 dividend payout ratio (DPR) is currently 60.59%.

Insider Activity

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

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.