Partners Group Holding AG Buys 9,464 Shares of American Water Works Company, Inc. (NYSE:AWK)

Partners Group Holding AG boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,549 shares of the utilities provider’s stock after purchasing an additional 9,464 shares during the quarter. American Water Works makes up approximately 4.5% of Partners Group Holding AG’s holdings, making the stock its 6th largest position. Partners Group Holding AG owned approximately 0.24% of American Water Works worth $67,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Wulff Hansen & CO. grew its position in American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after buying an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 1,321,320 shares during the period. International Assets Investment Management LLC lifted its position in 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 purchasing an additional 534,411 shares during the period. Assenagon Asset Management S.A. boosted its stake in American Water Works by 631.4% during 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 purchasing 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 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock valued at $56,264,000 after purchasing an additional 291,315 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.4 %

AWK stock opened at $136.76 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a market capitalization of $26.65 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.20 and a beta of 0.70. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company’s 50 day simple moving average is $139.80 and its 200-day simple moving average is $137.78.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be given a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.24%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the firm’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 completion of the sale, the director now directly owns 36,880 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Bank of America reissued an “underperform” rating and set a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $142.29.

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.