Fort Washington Investment Advisors Inc. OH Has $4.95 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,788 shares of the utilities provider’s stock after selling 1,850 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in American Water Works were worth $4,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted 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 worth $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after buying an additional 695,474 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of American Water Works by 14,944.4% during the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares during the last quarter. Confluence Investment Management LLC grew its position in American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after acquiring an additional 391,166 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised 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 in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWK has been the topic of several research reports. 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 target on the stock. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $133.00 to $129.00 in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.00.

American Water Works Stock Down 3.7 %

Shares of NYSE:AWK opened at $121.67 on Thursday. The business has a fifty day simple moving average of $129.15 and a 200 day simple moving average of $137.05. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The firm has a market cap of $23.71 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.73 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 60.59%.

American Water Works Company 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.