E. Ohman J or Asset Management AB Raises Stake in American Water Works Company, Inc. (NYSE:AWK)

E. Ohman J or Asset Management AB boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,450 shares of the utilities provider’s stock after buying an additional 1,250 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in American Water Works were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AWK. Victory Capital Management Inc. boosted 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 purchasing an additional 1,321,320 shares during the period. Groupama Asset Managment boosted its stake in shares of American Water Works by 4,227.0% during the third 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 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 valued at $786,750,000 after purchasing an additional 534,411 shares during the period. Confluence Investment Management LLC boosted its stake 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 purchasing an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake 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 valued at $65,192,000 after purchasing an additional 384,836 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE:AWK opened at $123.58 on Thursday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The business has a fifty day moving average price of $126.79 and a 200-day moving average price of $136.17. The company has a market capitalization of $24.08 billion, a PE ratio of 24.47, a PEG ratio of 2.63 and a beta of 0.72.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.48%. American Water Works’s payout ratio is presently 60.59%.

Analyst Ratings Changes

A number of analysts recently commented on AWK shares. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. 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 report on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, five have issued 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.