Oddo BHF Asset Management Sas Buys New Shares in American Water Works Company, Inc. (NYSE:AWK)

Oddo BHF Asset Management Sas bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,597 shares of the utilities provider's stock, valued at approximately $1,988,000.

Several other hedge funds have also made changes to their positions in the business. State Street Corp raised its stake in American Water Works by 1.9% during the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider's stock valued at $1,682,280,000 after acquiring an additional 214,082 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider's stock worth $890,422,000 after purchasing an additional 247,745 shares during the period. Geode Capital Management LLC grew its position in American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider's stock valued at $665,163,000 after buying an additional 43,754 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in American Water Works by 6.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider's stock valued at $328,354,000 after buying an additional 143,914 shares during the period. Finally, Mirova US LLC raised its position in American Water Works by 2.1% during the 2nd quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider's stock worth $205,120,000 after buying an additional 32,764 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

American Water Works stock traded down $0.96 during mid-day trading on Friday, hitting $129.59. 747,829 shares of the company were exchanged, compared to its average volume of 1,204,335. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market capitalization of $25.26 billion, a P/E ratio of 25.66, a PEG ratio of 3.03 and a beta of 0.70. The business's 50 day simple moving average is $136.27 and its two-hundred day simple moving average is $137.80. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.36%. American Water Works's dividend payout ratio is currently 60.59%.

Wall Street Analysts Forecast Growth

AWK has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Jefferies Financial Group assumed coverage on American Water Works in a research report on Monday, October 7th. They issued an "underperform" rating and a $124.00 price objective for the company. UBS Group upgraded shares of 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. Wolfe Research upgraded shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Finally, Mizuho cut American Water Works from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and a consensus target price of $142.29.

About American Water Works

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.