Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in American Water Works Company, Inc. (NYSE:AWK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 200,941 shares of the utilities provider’s stock after buying an additional 16,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Water Works were worth $29,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC purchased a new position in American Water Works in the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC raised its stake in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works during the second quarter valued at approximately $46,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of American Water Works during the second quarter valued at approximately $50,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 price objective on the stock. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Four investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.29.

American Water Works Stock Up 0.5 %

AWK stock opened at $138.31 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $26.96 billion, a P/E ratio of 27.39, a PEG ratio of 3.18 and a beta of 0.70. The firm has a 50 day simple moving average of $139.13 and a 200-day simple moving average of $137.80.

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 issued a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio is presently 60.59%.

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.