Claro Advisors LLC Has $935,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Claro Advisors LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,390 shares of the utilities provider’s stock after purchasing an additional 765 shares during the quarter. Claro Advisors LLC’s holdings in American Water Works were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. Impax Asset Management Group plc raised its position in shares of American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after purchasing an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock worth $328,354,000 after purchasing an additional 143,914 shares during the period. Mirova US LLC raised its position in shares of American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock worth $205,120,000 after purchasing an additional 32,764 shares during the period. Finally, Wulff Hansen & CO. raised its position in shares of American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after purchasing an additional 1,453,334 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Up 1.7 %

Shares of NYSE:AWK opened at $134.23 on Monday. The company has a market capitalization of $26.16 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. 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 business has a fifty day moving average price of $141.00 and a two-hundred day moving average price of $137.49. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.28%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AWK shares. Bank of America reaffirmed an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group initiated coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.00.

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 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 transaction, the director now owns 36,880 shares in the company, valued at $5,268,308. This represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.