Asset Management One Co. Ltd. Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Asset Management One Co. Ltd. raised its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 17.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,958 shares of the utilities provider's stock after buying an additional 18,143 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of American Water Works worth $17,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock worth $3,012,272,000 after acquiring an additional 624,977 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of American Water Works by 153.8% during the 1st quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider's stock worth $1,667,000 after acquiring an additional 8,266 shares during the period. Duality Advisers LP boosted its stake in shares of American Water Works by 202.2% during the 1st quarter. Duality Advisers LP now owns 46,633 shares of the utilities provider's stock worth $5,699,000 after acquiring an additional 31,203 shares during the period. AQR Capital Management LLC boosted its stake in shares of American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider's stock worth $4,023,000 after acquiring an additional 5,564 shares during the period. Finally, Howland Capital Management LLC boosted its stake in shares of American Water Works by 20.0% during the 1st quarter. Howland Capital Management LLC now owns 163,185 shares of the utilities provider's stock worth $19,943,000 after acquiring an additional 27,200 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

AWK stock traded down $3.35 during midday trading on Wednesday, reaching $133.76. 1,497,835 shares of the stock were exchanged, compared to its average volume of 1,196,647. The stock has a market capitalization of $26.07 billion, a PE ratio of 27.15, a P/E/G ratio of 3.27 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The company has a fifty day moving average price of $142.55 and a 200 day moving average price of $136.81.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.29%. American Water Works's dividend payout ratio (DPR) is presently 60.59%.

Insider Buying and Selling at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent research reports. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Bank of America reaffirmed an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Wells Fargo & Company cut American Water Works from an "equal weight" rating to an "underweight" rating and boosted their price target for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Royal Bank of Canada reissued an "outperform" rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Finally, Wolfe Research raised American Water Works to a "hold" rating in a report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $140.00.

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.