American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,329 shares of the utilities provider’s stock after purchasing an additional 513 shares during the quarter. Strategy Asset Managers LLC’s holdings in American Water Works were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AWK. AQR Capital Management LLC lifted its stake in shares of American Water Works by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after acquiring an additional 5,564 shares during the period. Magnetar Financial LLC boosted its holdings in American Water Works by 18.1% in the 1st quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider’s stock valued at $3,033,000 after purchasing an additional 3,801 shares in the last quarter. Lazard Asset Management LLC increased its position in American Water Works by 52.6% during the 1st quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider’s stock worth $2,326,000 after purchasing an additional 6,562 shares during the period. California State Teachers Retirement System raised its stake in shares of American Water Works by 7.4% during the 1st quarter. California State Teachers Retirement System now owns 420,963 shares of the utilities provider’s stock worth $51,446,000 after buying an additional 29,100 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of American Water Works by 350.4% during the 2nd quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock worth $1,338,000 after buying an additional 8,060 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE:AWK opened at $137.89 on Thursday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a market capitalization of $26.87 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $140.43 and a two-hundred day moving average price of $137.63.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on AWK. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reissued an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $151.00 to $155.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.29.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

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.