Cidel Asset Management Inc. Acquires 4,089 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cidel Asset Management Inc. grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,508 shares of the utilities provider's stock after buying an additional 4,089 shares during the quarter. Cidel Asset Management Inc.'s holdings in American Water Works were worth $3,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AWK. Crews Bank & Trust purchased a new position in American Water Works in the 4th quarter worth $26,000. Catalyst Capital Advisors LLC raised its position in American Water Works by 155.6% in 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 period. Ashton Thomas Securities LLC purchased a new position in American Water Works in the 3rd quarter worth $51,000. Assetmark Inc. raised its position in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after purchasing an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock worth $50,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AWK. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company upgraded shares of American Water Works from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $139.38.

American Water Works Trading Down 0.0 %

Shares of AWK stock traded down $0.02 during mid-day trading on Wednesday, reaching $125.06. The stock had a trading volume of 1,541,086 shares, compared to its average volume of 1,115,933. The stock's 50-day moving average price is $125.50 and its two-hundred day moving average price is $135.55. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The firm has a market capitalization of $24.37 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works's payout ratio is 60.59%.

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.