Natixis Advisors LLC Has $11.06 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Natixis Advisors LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,598 shares of the utilities provider’s stock after buying an additional 6,366 shares during the period. Natixis Advisors LLC’s holdings in American Water Works were worth $11,055,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Wulff Hansen & CO. grew its holdings in American Water Works by 12,816.0% in 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. increased its position in American Water Works by 1,131.1% in 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 in the last quarter. International Assets Investment Management LLC raised its stake in 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 period. Assenagon Asset Management S.A. grew its stake in American Water Works by 631.4% in 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 acquiring an additional 384,836 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of American Water Works by 201.9% in the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider’s stock worth $56,264,000 after purchasing an additional 291,315 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AWK. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Bank of America reiterated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.29.

American Water Works Price Performance

Shares of NYSE AWK opened at $137.89 on Thursday. 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 stock has a fifty day simple moving average of $140.43 and a two-hundred day simple moving average of $137.63. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio is currently 60.59%.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

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.