Fmr LLC Increases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Fmr LLC lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,641 shares of the utilities provider’s stock after purchasing an additional 36,424 shares during the period. Fmr LLC owned about 0.18% of American Water Works worth $51,716,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

AWK has been the topic of a number of research analyst reports. Bank of America reissued an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group began 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 for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $142.29.

American Water Works Stock Up 0.2 %

Shares of American Water Works stock opened at $132.37 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a fifty day moving average price of $137.73 and a 200 day moving average price of $137.83.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.31%. American Water Works’s payout ratio is currently 60.59%.

About American Water Works

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.