Asset Management One Co. Ltd. Has $17.98 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Asset Management One Co. Ltd. grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,958 shares of the utilities provider’s stock after buying an additional 18,143 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of American Water Works worth $17,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nvwm LLC increased its position in American Water Works by 160,200.0% during the third quarter. Nvwm LLC now owns 11,221 shares of the utilities provider’s stock worth $1,641,000 after acquiring an additional 11,214 shares during the period. Van ECK Associates Corp lifted its position in shares of American Water Works by 4.4% during the 3rd quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after acquiring an additional 2,269 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of American Water Works by 2.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock worth $15,024,000 after purchasing an additional 2,366 shares in the last quarter. Prossimo Advisors LLC acquired a new position in American Water Works in the third quarter valued at about $436,000. Finally, Invesco LLC raised its stake in American Water Works by 3.4% in the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Finally, Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.00.

American Water Works Trading Up 1.3 %

Shares of AWK stock opened at $137.11 on Wednesday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock’s fifty day simple moving average is $142.55 and its 200 day simple moving average is $136.81. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $26.72 billion, a P/E ratio of 27.15, a P/E/G ratio of 3.27 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company 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.