American Water Works Company, Inc. (NYSE:AWK) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,120,062 shares of the utilities provider’s stock after acquiring an additional 18,586 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of American Water Works worth $163,798,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Lake Street Advisors Group LLC increased its stake in shares of American Water Works by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 75 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of American Water Works by 2.9% in the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 79 shares during the last quarter. Invesco LLC increased its stake 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 purchasing an additional 82 shares during the period. Asset Dedication LLC lifted its position 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 purchasing an additional 85 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in American Water Works by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 88 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the firm’s 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 sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Bank of America reiterated an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Finally, Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Price Performance

Shares of American Water Works stock opened at $137.31 on Monday. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 3.23 and a beta of 0.70. The firm’s 50-day moving average price is $140.05 and its two-hundred day moving average price is $137.76. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. 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 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.