Raleigh Capital Management Inc. Purchases 348 Shares of American Water Works Company, Inc. (NYSE:AWK)

Raleigh Capital Management Inc. increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 446.2% during the third quarter, Holdings Channel reports. The institutional investor owned 426 shares of the utilities provider’s stock after purchasing an additional 348 shares during the period. Raleigh Capital Management Inc.’s holdings in American Water Works were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC raised its position in shares of American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock worth $408,000 after purchasing an additional 79 shares during the period. Asset Dedication LLC raised its holdings in American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after buying an additional 85 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of American Water Works by 2.0% in the second 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. State of Alaska Department of Revenue grew its holdings in American Water Works by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider’s stock worth $2,581,000 after buying an additional 95 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its position in American Water Works by 25.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after buying an additional 96 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of American Water Works 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 owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

American Water Works Trading Up 1.0 %

Shares of AWK opened at $142.12 on Thursday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market cap of $27.69 billion, a PE ratio of 28.83, a P/E/G ratio of 3.28 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average price is $143.23 and its 200-day moving average price is $135.45.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, August 13th. American Water Works’s payout ratio is 62.07%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AWK shares. 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. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Wolfe Research upgraded American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lowered shares of 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 report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.