Empowered Funds LLC Has $541,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Empowered Funds LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,700 shares of the utilities provider’s stock after purchasing an additional 313 shares during the quarter. Empowered Funds LLC’s holdings in American Water Works were worth $541,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Birchcreek Wealth Management LLC bought a new stake in American Water Works in the third quarter worth $216,000. Empirical Finance LLC lifted its position in shares of American Water Works by 2.3% in the third quarter. Empirical Finance LLC now owns 6,560 shares of the utilities provider’s stock worth $959,000 after buying an additional 148 shares during the last quarter. Sycomore Asset Management boosted its stake in shares of American Water Works by 121.1% during the 3rd quarter. Sycomore Asset Management now owns 23,553 shares of the utilities provider’s stock worth $3,372,000 after acquiring an additional 12,901 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of American Water Works by 6.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,352 shares of the utilities provider’s stock valued at $783,000 after acquiring an additional 306 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of American Water Works by 3.1% in the 3rd quarter. KBC Group NV now owns 508,685 shares of the utilities provider’s stock valued at $74,390,000 after acquiring an additional 15,457 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock opened at $137.31 on Monday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business has a 50 day simple moving average of $140.05 and a 200 day simple moving average of $137.76. The company has a market capitalization of $26.76 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70.

American Water Works Announces Dividend

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 issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, November 12th. American Water Works’s payout ratio is 60.59%.

Analyst Ratings Changes

AWK has been the subject of several recent analyst reports. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho lowered 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. Finally, Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. Four investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.29.

Insider Activity

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.