Birchcreek Wealth Management LLC Makes New Investment in American Water Works Company, Inc. (NYSE:AWK)

Birchcreek Wealth Management LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,478 shares of the utilities provider’s stock, valued at approximately $216,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock worth $3,012,272,000 after acquiring an additional 624,977 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of American Water Works by 3.7% in the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock valued at $890,422,000 after buying an additional 247,745 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after buying an additional 143,914 shares in the last quarter. Mirova US LLC raised its stake in shares of American Water Works by 2.1% in the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider’s stock valued at $205,120,000 after buying an additional 32,764 shares in the last quarter. Finally, Wulff Hansen & CO. increased its position in shares of American Water Works by 12,816.0% during the 2nd 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 in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of NYSE AWK traded up $0.94 during trading hours on Friday, reaching $132.96. 370,997 shares of the stock traded hands, compared to its average volume of 1,192,477. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company’s 50-day simple moving average is $141.44 and its two-hundred day simple moving average is $137.25. The company has a market capitalization of $25.91 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.30%. American Water Works’s dividend payout ratio is presently 60.59%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group initiated 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. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.00.

Insiders Place Their Bets

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.