Janney Montgomery Scott LLC Purchases 2,366 Shares of American Water Works Company, Inc. (NYSE:AWK)

Janney Montgomery Scott LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,736 shares of the utilities provider’s stock after purchasing an additional 2,366 shares during the period. Janney Montgomery Scott LLC owned 0.05% of American Water Works worth $15,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wulff Hansen & CO. lifted its holdings in shares of American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after buying an additional 1,453,334 shares in the last quarter. M&G Plc acquired a new stake in American Water Works in the 1st quarter worth about $108,688,000. Vanguard Group Inc. boosted its holdings in American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after purchasing an additional 624,977 shares during the period. International Assets Investment Management LLC grew its position in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares in the last quarter. Finally, Nuance Investments LLC increased its holdings in shares of American Water Works by 70.3% during the first quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider’s stock worth $117,115,000 after purchasing an additional 395,684 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 1.3 %

AWK opened at $137.11 on Wednesday. The company has a market cap of $26.72 billion, a P/E ratio of 27.15, a PEG ratio of 3.27 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average is $142.55 and its 200-day moving average is $136.81. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.23%. American Water Works’s dividend payout ratio is currently 60.59%.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AWK shares. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.00.

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.