International Assets Investment Management LLC Has $428,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

International Assets Investment Management LLC lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,458 shares of the utilities provider's stock after selling 534,529 shares during the period. International Assets Investment Management LLC's holdings in American Water Works were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wulff Hansen & CO. raised its stake in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock valued at $189,177,000 after acquiring an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $210,313,000 after purchasing an additional 1,321,320 shares during the period. Groupama Asset Managment raised its stake in shares of American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock valued at $104,000 after purchasing an additional 695,474 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock worth $66,868,000 after purchasing an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in American Water Works by 631.4% in 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 buying an additional 384,836 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of NYSE AWK traded down $1.44 during mid-day trading on Friday, reaching $121.17. The company had a trading volume of 1,308,986 shares, compared to its average volume of 922,098. The company has a 50-day moving average price of $130.53 and a two-hundred day moving average price of $137.24. The stock has a market cap of $23.62 billion, a PE ratio of 23.99, a P/E/G ratio of 3.03 and a beta of 0.71. 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 Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.53%. American Water Works's payout ratio is presently 60.59%.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research analyst reports. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and upped their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Jefferies Financial Group started coverage on 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Wolfe Research raised American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Finally, Bank of America reaffirmed an "underperform" rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $141.00.

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.