American Water Works Company Inc (AWK) Shares Bought by Janney Montgomery Scott LLC

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Janney Montgomery Scott LLC boosted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,775 shares of the utilities provider’s stock after acquiring an additional 669 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Water Works were worth $5,970,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AWK. D.A. Davidson & CO. lifted its position in American Water Works by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 12,063 shares of the utilities provider’s stock valued at $1,095,000 after purchasing an additional 123 shares during the period. Chesley Taft & Associates LLC lifted its position in American Water Works by 0.8% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,860 shares of the utilities provider’s stock valued at $1,440,000 after purchasing an additional 125 shares during the period. Raymond James Trust N.A. lifted its position in American Water Works by 1.1% during the 4th quarter. Raymond James Trust N.A. now owns 12,900 shares of the utilities provider’s stock valued at $1,171,000 after purchasing an additional 137 shares during the period. Moody National Bank Trust Division lifted its position in American Water Works by 26.7% during the 4th quarter. Moody National Bank Trust Division now owns 665 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 140 shares during the period. Finally, Advisor Partners LLC lifted its position in American Water Works by 3.2% during the 4th quarter. Advisor Partners LLC now owns 5,249 shares of the utilities provider’s stock valued at $476,000 after purchasing an additional 162 shares during the period. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on AWK. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Robert W. Baird upped their target price on shares of American Water Works from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Wells Fargo & Co upped their target price on shares of American Water Works from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Finally, Janney Montgomery Scott upped their target price on shares of American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. American Water Works presently has an average rating of “Buy” and a consensus target price of $95.22.

Shares of NYSE:AWK opened at $97.74 on Friday. The company has a market capitalization of $17.65 billion, a P/E ratio of 32.26, a PEG ratio of 3.46 and a beta of 0.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46. American Water Works Company Inc has a fifty-two week low of $76.39 and a fifty-two week high of $98.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be given a $0.455 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.86%. American Water Works’s dividend payout ratio is 60.07%.

In related news, COO Walter Lynch sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $91.69, for a total value of $458,450.00. Following the sale, the chief operating officer now directly owns 107,031 shares in the company, valued at approximately $9,813,672.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karl F. Kurz purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average price of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

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American Water Works Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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