American Water Works Company, Inc. (NYSE:AWK) is Clear Harbor Asset Management LLC’s 5th Largest Position

Clear Harbor Asset Management LLC lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,436 shares of the utilities provider’s stock after selling 208 shares during the quarter. American Water Works makes up 2.5% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Clear Harbor Asset Management LLC owned 0.11% of American Water Works worth $30,336,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AWK. Wealth Enhancement Advisory Services LLC raised its stake in shares of American Water Works by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,368 shares of the utilities provider’s stock worth $14,466,000 after purchasing an additional 11,453 shares in the last quarter. Mirador Capital Partners LP grew its position in American Water Works by 8.6% in the first quarter. Mirador Capital Partners LP now owns 7,399 shares of the utilities provider’s stock worth $904,000 after acquiring an additional 586 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of American Water Works by 6.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 2,712 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 161 shares during the last quarter. Claro Advisors LLC increased its stake in shares of American Water Works by 50.1% during the 1st quarter. Claro Advisors LLC now owns 5,712 shares of the utilities provider’s stock worth $698,000 after purchasing an additional 1,907 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of American Water Works by 6.0% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 31,347 shares of the utilities provider’s stock valued at $3,831,000 after purchasing an additional 1,766 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In related 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 completion of the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

AWK has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Wolfe Research raised American Water Works to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus target price of $140.00.

American Water Works Price Performance

NYSE:AWK opened at $137.66 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a fifty day moving average price of $143.12 and a 200 day moving average price of $135.70. The stock has a market cap of $26.82 billion, a P/E ratio of 27.92, a PEG ratio of 3.28 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a $0.765 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. American Water Works’s dividend payout ratio is currently 62.07%.

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.