Tokio Marine Asset Management Co. Ltd. Raises Stake in American Water Works Company, Inc. (NYSE:AWK)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,352 shares of the utilities provider’s stock after acquiring an additional 306 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in American Water Works were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wulff Hansen & CO. raised its stake in American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock worth $189,177,000 after purchasing an additional 1,453,334 shares during the period. Victory Capital Management Inc. raised its position in shares of 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 valued at $210,313,000 after buying an additional 1,321,320 shares during the period. Vanguard Group Inc. lifted its holdings in American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the last quarter. International Assets Investment Management LLC grew its position in American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after acquiring an additional 534,411 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in 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 acquiring an additional 384,836 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

American Water Works Trading Up 1.7 %

Shares of AWK stock opened at $134.23 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a 50 day moving average price of $141.20 and a 200 day moving average price of $137.22. The stock has a market capitalization of $26.16 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 3.08 and a beta of 0.70. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.28%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.00.

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.