Partners Group Holding AG Raises Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Partners Group Holding AG lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 460,549 shares of the utilities provider’s stock after buying an additional 9,464 shares during the period. American Water Works makes up approximately 4.5% of Partners Group Holding AG’s portfolio, making the stock its 6th largest position. Partners Group Holding AG’s holdings in American Water Works were worth $67,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AWK. Lazard Asset Management LLC boosted its stake in shares of American Water Works by 52.6% during the 1st quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider’s stock worth $2,326,000 after acquiring an additional 6,562 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in American Water Works by 20.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 14,082 shares of the utilities provider’s stock worth $1,744,000 after purchasing an additional 2,358 shares during the last quarter. California State Teachers Retirement System boosted its position in American Water Works by 7.4% during the first quarter. California State Teachers Retirement System now owns 420,963 shares of the utilities provider’s stock worth $51,446,000 after purchasing an additional 29,100 shares during the period. Tidal Investments LLC grew its holdings in American Water Works by 33.4% during the first quarter. Tidal Investments LLC now owns 31,900 shares of the utilities provider’s stock valued at $3,898,000 after purchasing an additional 7,988 shares during the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of American Water Works by 14,873.1% in the first quarter. Plato Investment Management Ltd now owns 35,037 shares of the utilities provider’s stock valued at $4,282,000 after purchasing an additional 34,803 shares during the period. Institutional investors own 86.58% of the company’s stock.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now owns 36,880 shares of the company’s stock, valued at $5,268,308. The trade was a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

American Water Works Stock Performance

Shares of NYSE AWK opened at $136.76 on Tuesday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $139.80 and a 200 day simple moving average of $137.78. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.20 and a beta of 0.70.

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 dividend of $0.765 per share. The ex-dividend date of this dividend 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 currently 60.59%.

Analyst Upgrades and Downgrades

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