Angeles Investment Advisors LLC Sells 220 Shares of American Water Works Company, Inc. (NYSE:AWK)

Angeles Investment Advisors LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,640 shares of the utilities provider’s stock after selling 220 shares during the quarter. Angeles Investment Advisors LLC’s holdings in American Water Works were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AWK. Lake Street Advisors Group LLC grew its holdings in 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 acquiring an additional 75 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in 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 grew its stake in American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the last quarter. Asset Dedication LLC grew its stake in American Water Works by 1.6% in the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 85 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of American Water Works by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 88 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

American Water Works Stock Up 0.5 %

Shares of AWK traded up $0.65 during midday trading on Wednesday, reaching $133.08. 33,598 shares of the company were exchanged, compared to its average volume of 1,191,615. 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. The stock has a 50-day moving average price of $141.68 and a 200-day moving average price of $137.29. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.14 and a beta of 0.70.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Insiders Place Their Bets

In other news, Director Martha Clark Goss sold 710 shares of the 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 owns 36,880 shares in the company, valued at $5,268,308. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

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.