Oddo BHF Asset Management Sas Invests $1.99 Million in American Water Works Company, Inc. (NYSE:AWK)

Oddo BHF Asset Management Sas acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,597 shares of the utilities provider’s stock, valued at approximately $1,988,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. grew its position in shares of 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 valued at $189,177,000 after purchasing an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. increased its stake in American Water Works by 1,131.1% in 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 last quarter. Groupama Asset Managment increased its stake 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 valued at $104,000 after acquiring an additional 695,474 shares during the last quarter. International Assets Investment Management LLC raised its stake in 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 worth $786,750,000 after purchasing an additional 534,411 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after buying an additional 384,836 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Price Performance

AWK opened at $129.61 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The firm has a market cap of $25.26 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.03 and a beta of 0.70. 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 company has a fifty day simple moving average of $136.27 and a 200 day simple moving average of $137.80.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AWK. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $142.29.

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.