Independent Advisor Alliance Has $231,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Independent Advisor Alliance reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 32.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,576 shares of the utilities provider’s stock after selling 774 shares during the quarter. Independent Advisor Alliance’s holdings in American Water Works were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AWK. Lake Street Advisors Group LLC raised its stake in shares of American Water Works by 4.2% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after buying an additional 79 shares in the last quarter. Invesco LLC raised its stake in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after buying an additional 82 shares in the last quarter. Asset Dedication LLC raised its stake in shares of American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of American Water Works by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock valued at $593,000 after buying an additional 88 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 1.0 %

Shares of NYSE:AWK opened at $136.98 on Friday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company’s 50-day moving average price is $138.92 and its two-hundred day moving average price is $137.83. 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 firm has a market cap of $26.70 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.22 and a beta of 0.70.

American Water Works Dividend Announcement

The firm 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 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 payout ratio is presently 60.59%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a report on Friday, September 20th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Four equities research 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.com, the stock has an average rating of “Hold” and a consensus price target of $142.29.

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.