Partners Group Holding AG reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,687 shares of the utilities provider’s stock after selling 57,236 shares during the quarter. American Water Works accounts for approximately 2.8% of Partners Group Holding AG’s portfolio, making the stock its 10th largest holding. Partners Group Holding AG’s holdings in American Water Works were worth $50,204,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust bought a new position in American Water Works during the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in American Water Works in the 3rd quarter worth approximately $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in American Water Works in the third quarter valued at $28,000. Elevation Point Wealth Partners LLC purchased a new position in shares of American Water Works during the second quarter valued at about $29,000. Finally, Cloud Capital Management LLC bought a new stake in American Water Works during the 3rd quarter valued at approximately $29,000. Institutional investors own 86.58% of the company’s stock.
American Water Works Price Performance
NYSE:AWK opened at $134.09 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $26.18 billion, a P/E 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 12 month low of $121.28 and a 12 month high of $155.50. The business’s 50-day moving average is $129.92 and its 200 day moving average is $134.29.
American Water Works Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is 58.17%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Wells Fargo & Company decreased their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Barclays lowered 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 research report on Wednesday, December 17th. Jefferies Financial Group upgraded 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 note on Wednesday, November 5th. Finally, Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $117.00 to $139.00 in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $140.89.
View Our Latest Stock Analysis on AWK
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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