Nvwm LLC Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

Nvwm LLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 36.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,258 shares of the utilities provider’s stock after buying an additional 4,037 shares during the period. Nvwm LLC’s holdings in American Water Works were worth $1,899,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of 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 valued at $210,313,000 after buying an additional 1,321,320 shares during the period. Groupama Asset Managment increased its position in American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares during the period. International Assets Investment Management LLC raised its holdings 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 purchasing 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 valued at $66,868,000 after buying an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in 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 worth $65,192,000 after buying an additional 384,836 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 1.6 %

American Water Works stock opened at $123.80 on Wednesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The business’s fifty day moving average is $126.79 and its 200 day moving average is $136.17. The stock has a market capitalization of $24.13 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.38.

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.