Vontobel Holding Ltd. Has $61.57 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Vontobel Holding Ltd. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,601 shares of the utilities provider's stock after selling 3,382 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.25% of American Water Works worth $61,573,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider's stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Water Works by 1.0% during the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider's stock worth $665,163,000 after buying an additional 43,754 shares during the period. Nordea Investment Management AB boosted its position in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider's stock worth $300,739,000 after buying an additional 125,128 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of 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. Finally, Victory Capital Management Inc. boosted its position 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 worth $210,313,000 after buying an additional 1,321,320 shares during the period. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AWK. JPMorgan Chase & Co. reduced their price objective on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company upgraded American Water Works from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Finally, UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.00.

American Water Works Price Performance

AWK traded up $1.46 during trading on Tuesday, reaching $127.12. The stock had a trading volume of 1,345,730 shares, compared to its average volume of 1,212,752. The firm has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.58 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. The stock has a 50 day moving average of $125.04 and a two-hundred day moving average of $135.06.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.41%. American Water Works's dividend payout ratio (DPR) is 60.59%.

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.