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

Strategy Asset Managers LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 28.2% during the third quarter, Holdings Channel reports. The fund owned 2,329 shares of the utilities provider’s stock after acquiring 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 and other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. boosted its holdings 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 worth $189,177,000 after purchasing an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. lifted its position in 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. International Assets Investment Management LLC boosted its stake in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in American Water Works by 631.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after buying an additional 384,836 shares during the period. Finally, Sei Investments Co. grew its holdings in 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 buying an additional 291,315 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWK has been the topic of several research analyst reports. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday. Wolfe Research raised shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $142.29.

Insider Buying and Selling at American Water Works

In related 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 transaction, the director now directly owns 36,880 shares in the company, valued at $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

American Water Works Trading Down 0.2 %

Shares of AWK opened at $137.89 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a 50-day moving average price of $140.43 and a 200 day moving average price of $137.63. The company has a market capitalization of $26.87 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.12 and a beta of 0.70.

American Water Works Dividend Announcement

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