OneAscent Financial Services LLC Has $219,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

OneAscent Financial Services LLC reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,494 shares of the utilities provider’s stock after selling 163 shares during the period. OneAscent Financial Services LLC’s holdings in American Water Works were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. ORG Partners LLC acquired a new position in American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC increased its stake in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of American Water Works in the 2nd quarter valued at about $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Water Works in the 2nd quarter valued at about $50,000. Finally, Ashton Thomas Securities LLC bought a new position in American Water Works during the third quarter worth about $51,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AWK shares. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the company from $151.00 to $155.00 in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $142.29.

American Water Works Stock Performance

NYSE AWK opened at $138.19 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The firm has a 50-day moving average price of $140.62 and a two-hundred day moving average price of $137.63. The company has a market capitalization of $26.93 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.12 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

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

Insider Buying and Selling 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 transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.

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.