Fmr LLC Has $51.72 Million Position in American Water Works Company, Inc. (NYSE:AWK)

FMR LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,641 shares of the utilities provider's stock after buying an additional 36,424 shares during the period. FMR LLC owned 0.18% of American Water Works worth $51,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC boosted its position in American Water Works by 155.6% during the third 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. Hantz Financial Services Inc. bought a new position in American Water Works during the second quarter worth $46,000. Ashton Thomas Securities LLC bought a new position in American Water Works during the third quarter worth $51,000. Finally, Assetmark Inc. boosted its position in American Water Works by 31.7% during the third 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. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

AWK stock traded up $0.27 during midday trading on Friday, reaching $132.37. The company had a trading volume of 1,308,021 shares, compared to its average volume of 1,279,425. The company has a market capitalization 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 stock has a 50 day moving average price of $137.73 and a 200-day moving average price of $137.83. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year 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.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.31%. American Water Works's dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

A number of research firms have commented on AWK. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price for the company. Bank of America reissued an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Finally, Wolfe Research raised shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, American Water Works currently has an average rating of "Hold" and a consensus target price of $142.29.

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.