American Water Works Company, Inc. (NYSE:AWK) Stock Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in American Water Works Company, Inc. (NYSE:AWK) by 25.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,569 shares of the utilities provider’s stock after acquiring an additional 51,196 shares during the period. Rockefeller Capital Management L.P.’s holdings in American Water Works were worth $36,496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in American Water Works by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of American Water Works by 350.4% in the second quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock worth $1,338,000 after purchasing an additional 8,060 shares in the last quarter. Swedbank AB increased its holdings in shares of American Water Works by 65.5% during the third quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after purchasing an additional 42,094 shares during the period. MBB Public Markets I LLC acquired a new position in shares of American Water Works during the second quarter valued at $1,610,000. Finally, Pathstone Holdings LLC raised its stake in shares of American Water Works by 11.3% during the third quarter. Pathstone Holdings LLC now owns 48,618 shares of the utilities provider’s stock valued at $7,110,000 after purchasing an additional 4,944 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

Shares of AWK opened at $136.98 on Friday. 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 stock has a market cap of $26.70 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.22 and a beta of 0.70. 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 50-day moving average of $138.92 and a two-hundred day moving average of $137.83.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AWK shares. Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Wolfe Research upgraded shares of 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 boosted their target price 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 increased their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $142.29.

Insider Activity

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’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 in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.