American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 20.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,508 shares of the utilities provider’s stock after acquiring an additional 4,089 shares during the quarter. Cidel Asset Management Inc.’s holdings in American Water Works were worth $3,051,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the period. Groupama Asset Managment boosted its position in American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares during the period. International Assets Investment Management LLC grew its stake in shares of American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after acquiring an additional 534,411 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after acquiring an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of American Water Works by 631.4% in the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after acquiring an additional 384,836 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, UBS Group upgraded shares of 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 report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $139.38.

American Water Works Stock Down 1.2 %

AWK stock opened at $122.53 on Friday. The stock has a market cap of $23.88 billion, a P/E ratio of 24.26, a PEG ratio of 2.63 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company’s 50 day moving average is $126.21 and its two-hundred day moving average is $136.00.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.50%. American Water Works’s dividend payout ratio is currently 60.59%.

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.