Partners Group Holding AG cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,687 shares of the utilities provider’s stock after selling 57,236 shares during the quarter. American Water Works makes up 2.8% of Partners Group Holding AG’s investment portfolio, making the stock its 10th largest holding. Partners Group Holding AG owned 0.18% of American Water Works worth $50,204,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. American National Bank & Trust purchased a new stake in American Water Works during the third quarter worth about $26,000. Grey Fox Wealth Advisors LLC bought a new position in shares of American Water Works during the 3rd quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Water Works during the 3rd quarter worth approximately $28,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of American Water Works during the 2nd quarter worth approximately $29,000. Finally, Cloud Capital Management LLC purchased a new position in American Water Works in the third quarter valued at approximately $29,000. 86.58% of the stock is owned by hedge funds and other institutional investors.
American Water Works Price Performance
AWK stock opened at $134.09 on Thursday. The firm has a 50 day simple moving average of $129.92 and a two-hundred day simple moving average of $134.29. The stock has a market cap of $26.18 billion, a PE ratio of 23.57, a P/E/G ratio of 3.13 and a beta of 0.77. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $155.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44.
American Water Works Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.
Analysts Set New Price Targets
A number of research firms have issued reports on AWK. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Barclays dropped their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and boosted their price target for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.89.
Check Out Our Latest Research Report on American Water Works
American Water Works Company Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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