Cidel Asset Management Inc. Raises Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Cidel Asset Management Inc. lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,508 shares of the utilities provider’s stock after purchasing an additional 4,089 shares during the quarter. Cidel Asset Management Inc.’s holdings in American Water Works were worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. boosted its stake in American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares during the period. Groupama Asset Managment raised its holdings in shares of American Water Works by 4,227.0% in the third 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 last quarter. International Assets Investment Management LLC boosted its stake in shares of American Water Works by 14,944.4% during the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares during the period. Confluence Investment Management LLC grew its holdings 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 buying an additional 391,166 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings 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 worth $65,192,000 after buying an additional 384,836 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 1.2 %

NYSE:AWK opened at $122.53 on Friday. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.63 and a beta of 0.72. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The stock has a fifty day moving average price of $126.21 and a two-hundred day moving average price of $136.00. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analyst Ratings Changes

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

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.