International Assets Investment Management LLC Has $786.75 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

International Assets Investment Management LLC boosted its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 14,944.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 537,987 shares of the utilities provider's stock after acquiring an additional 534,411 shares during the quarter. International Assets Investment Management LLC owned 0.28% of American Water Works worth $786,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. lifted its stake in shares of American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock valued at $189,177,000 after purchasing an additional 1,453,334 shares in the last quarter. M&G Plc purchased a new stake in American Water Works during the first quarter worth approximately $108,688,000. Vanguard Group Inc. increased its position in shares of American Water Works by 2.6% in 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. Nuance Investments LLC raised its stake in shares of American Water Works by 70.3% in the 1st quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider's stock valued at $117,115,000 after acquiring an additional 395,684 shares during the period. Finally, Sei Investments Co. raised its stake in shares of American Water Works by 201.9% in the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider's stock valued at $56,264,000 after acquiring an additional 291,315 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

AWK has been the subject of a number of research reports. Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price target for the company. Wells Fargo & Company downgraded shares of American Water Works from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Bank of America reiterated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Wolfe Research upgraded American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Finally, Mizuho cut American Water Works from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $140.00.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now owns 36,880 shares in the company, valued at $5,268,308. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company's stock.

American Water Works Stock Down 1.6 %

Shares of American Water Works stock traded down $2.32 during midday trading on Thursday, hitting $139.80. The company's stock had a trading volume of 712,498 shares, compared to its average volume of 1,199,856. 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 quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $27.24 billion, a P/E ratio of 28.36, a PEG ratio of 3.28 and a beta of 0.69. The stock has a 50-day simple moving average of $143.23 and a 200-day simple moving average of $135.45.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.27 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works's dividend payout ratio (DPR) is presently 62.07%.

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.