Cynosure Group LLC Has $415,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Cynosure Group LLC decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,836 shares of the utilities provider’s stock after selling 92 shares during the period. Cynosure Group LLC’s holdings in American Water Works were worth $415,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wulff Hansen & CO. raised its stake in American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after acquiring an additional 1,453,334 shares during the period. Victory Capital Management Inc. increased its holdings in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after purchasing an additional 534,411 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after buying an additional 384,836 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of American Water Works by 201.9% during the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after buying an additional 291,315 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE:AWK opened at $138.31 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.18 and a beta of 0.70. The stock has a fifty day moving average price of $139.34 and a 200-day moving average price of $137.80.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.29.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’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 sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.