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

Thematics Asset Management lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,742 shares of the utilities provider’s stock after buying an additional 1,500 shares during the quarter. Thematics Asset Management’s holdings in American Water Works were worth $14,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. lifted its position 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in American Water Works by 1,131.1% in the 3rd 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 in the last quarter. International Assets Investment Management LLC boosted its position 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 valued at $786,750,000 after buying an additional 534,411 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of American Water Works by 631.4% during 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. Finally, Sei Investments Co. increased its position in shares of American Water Works by 201.9% during the second quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after acquiring an additional 291,315 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of NYSE:AWK traded down $0.77 during trading on Tuesday, reaching $135.97. The company had a trading volume of 128,501 shares, compared to its average volume of 1,207,959. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm has a market capitalization of $26.50 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. The firm’s fifty day moving average is $139.80 and its 200 day moving average is $137.78. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, November 12th. American Water Works’s payout ratio is currently 60.59%.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the 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 sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AWK shares. Bank of America reiterated an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $142.29.

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.