American Water Works Company, Inc. (NYSE:AWK) Stake Lifted by Partners Group Holding AG

Partners Group Holding AG grew its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 460,549 shares of the utilities provider's stock after acquiring an additional 9,464 shares during the quarter. American Water Works comprises approximately 4.5% of Partners Group Holding AG's investment portfolio, making the stock its 6th biggest position. Partners Group Holding AG owned about 0.24% of American Water Works worth $67,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc grew its holdings in shares of American Water Works by 3.7% during the 2nd 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. Allspring Global Investments Holdings LLC boosted its stake in American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider's stock worth $328,354,000 after buying an additional 143,914 shares during the period. Mirova US LLC increased its position in shares of American Water Works by 2.1% during the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider's stock valued at $205,120,000 after acquiring an additional 32,764 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of American Water Works by 12,816.0% during the second 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 during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider's stock valued at $210,313,000 after acquiring an additional 1,321,320 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Up 0.7 %

Shares of AWK traded up $0.89 during midday trading on Tuesday, reaching $137.63. The stock had a trading volume of 1,332,839 shares, compared to its average volume of 1,213,262. The company's fifty day simple moving average is $139.80 and its two-hundred day simple moving average is $137.78. The company has a market cap of $26.82 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.20 and a beta of 0.70. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a yield of 2.22%. American Water Works's payout ratio is currently 60.59%.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business'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 completion of the sale, the director now directly owns 36,880 shares of the company's stock, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research reports. Mizuho downgraded shares of American Water Works from an "outperform" rating to a "neutral" rating and lifted their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company downgraded American Water Works from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Wolfe Research raised shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Finally, Bank of America reiterated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $142.29.

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.