National Bank of Canada FI Purchases 31,964 Shares of American Water Works Company, Inc. (NYSE:AWK)

National Bank of Canada FI raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,157 shares of the utilities provider's stock after purchasing an additional 31,964 shares during the quarter. National Bank of Canada FI owned 0.06% of American Water Works worth $17,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Wulff Hansen & CO. grew its position in American Water Works by 12,816.0% in the second 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of American Water Works by 1,131.1% in the 3rd 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 in the last quarter. International Assets Investment Management LLC increased its position in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider's stock valued at $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of American Water Works by 631.4% during the 3rd 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 last quarter. Finally, Sei Investments Co. lifted its position in American Water Works by 201.9% in the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider's stock worth $56,264,000 after buying an additional 291,315 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 0.2 %

Shares of American Water Works stock traded up $0.26 during trading on Tuesday, reaching $130.98. 838,061 shares of the stock were exchanged, compared to its average volume of 1,209,812. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.08 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. The stock's fifty day moving average is $137.42 and its 200 day moving average is $137.87.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.34%. American Water Works's dividend payout ratio is currently 60.59%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AWK shares. Royal Bank of Canada reiterated an "outperform" rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America reiterated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and raised their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Mizuho lowered American Water Works from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price target on the stock. Four equities research 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, the stock has a consensus rating of "Hold" and an average target price of $142.29.

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.