Apollon Wealth Management LLC Sells 188 Shares of American Water Works Company, Inc. (NYSE:AWK)

Apollon Wealth Management LLC trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,627 shares of the utilities provider’s stock after selling 188 shares during the period. Apollon Wealth Management LLC’s holdings in American Water Works were worth $823,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. Edgestream Partners L.P. raised its stake in shares of American Water Works by 153.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider’s stock worth $1,667,000 after purchasing an additional 8,266 shares during the period. AQR Capital Management LLC raised its stake in shares of American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after purchasing an additional 5,564 shares during the period. Magnetar Financial LLC raised its stake in shares of American Water Works by 18.1% during the 1st quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider’s stock worth $3,033,000 after purchasing an additional 3,801 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in American Water Works by 52.6% in the 1st quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider’s stock worth $2,326,000 after acquiring an additional 6,562 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

NYSE:AWK opened at $134.23 on Friday. The business has a 50 day moving average of $141.20 and a 200 day moving average of $137.22. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-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.

American Water Works Announces Dividend

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

Insider Buying and Selling

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 stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AWK has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and set a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Finally, Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.00.

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.