The most recent Form 13F filing that Partners Group Holding AG made with the SEC revealed that during the third quarter of 2018, the company’s holdings in American Water Works Company, INC (NYSE: AWK) were reduced by 2.0%.
Partners Group Holding AG provided this information.
The fund had a total of 499,000 shares of the stock of the utility provider at the beginning of the period after selling 10,165 shares.
American Water Works is Partners Group Holding AG’s third-largest investment and represents 4.6% of the total value of the company’s portfolio.
The company acquired American Water Works in 1998.
According to the most recent report that Partners Group Holding AG submitted to the SEC, the total value of their ownership of American Water Works shares was $64,9550,000.
This represented 0.27% of the company.
Over the past few months, numerous hedge funds and other institutional investors have bought and sold AWK stock.
During the third quarter, Sonen Capital LLC achieved a 112% increase in the proportion of American Water Works stock it owned.
During the most recent quarter, Sonen Capital LLC increased its stake in the utility provider by 3,634 shares, bringing its total number of shares owned in the company to 6,874, with an estimated market value of $895,000. Hallmark Capital Management, INC made a financial investment in American Water Works for $55,000 during the third quarter of the fiscal year.
During the third quarter, Amalgamated Bank raised the percentage of American Water Works stock it owns by 2.8%.
Amalgamated Bank now has 48,680 shares of the utility provider’s stock after purchasing an additional 1,318 shares.
The stock has a current value of $6,336,000, and Amalgamated Bank’s holdings are currently valued at that amount.
The company accomplished a 13.9% increase in the proportion of American Water Works stock that SVB Wealth LLC owned as of the end of the third quarter.
After purchasing an additional 641 shares during the relevant period, SVB Wealth LLC now has 5,262 shares of the utility provider’s stock, currently valued at $685,000.
During the relevant period, these shares were acquired.
Last but not least, Jacobi Capital Management LLC increased the percentage of American Water Works stock that is owned by 1.1% during the third quarter.
This certainly should not be considered the least important development. Jacobi Capital Management LLC now has 17,829 shares of the utility provider’s stock, valued at $2,321,000, after making 188 new stock purchases during the time frame in question.
Institutional investors and hedge funds own 83.06 percent of the company’s stock.
Individual investors hold the remaining 16.04 percent.
During trading on Friday at noon, the value of a share of American Water Works increased by $1.01, reaching a new high of $150.07.
The stock is trading at a price corresponding to a price-to-earnings ratio of 20.58, a price-to-earnings-to-growth ratio of 3.90, and a beta value of 0.55.
The market capitalization of the company is $27.29 billion.
The trading volume for the stock is 72,520 shares, while the average daily volume is 809,047 shares.
American Water Works Company, INC hit its all-time low of $122.77 one year ago, while the company reached its all-time high of $173.87 that same year.
The stock’s simple moving average over the past 50 days is $155.13, and its simple moving average over the past 200 days corresponds to $149.11.
The current ratio is 0.48, the quick ratio is 0.43, and the debt-to-equity ratio is 1.41.
All three ratios are very close to each other.
There is a striking similarity between each of the three ratios.
In addition, the business has just disclosed that it will begin disbursing a quarterly dividend on March 1 of this year. On Tuesday, February 7, shareholders of record will be eligible to receive a dividend payment of $0.655 per share.
The dividend payment will be made.
This dividend will be paid to shareholders on Monday, February 6, assuming their accounts are in good standing on that date.
This results in a yield of 1.75 percent as well as an annual dividend payment of 2.62 dollars.
The percentage of dividends paid out by American Water Works currently stands at 36.14 percent.
Recently, a significant amount of focus has been placed on AWK stock by various individuals. UBS Group announced on Friday, November 4, in a research note that was made public, that they would be increasing their price objective for American Water Works to $151.00.
This information was shared with the public.
In a research note released on Tuesday, November 15, HSBC announced that they would reduce their price objective on American Water Works to $158.00 from their previous price target of $160.00. Guggenheim lowered their price objective for American Water Works from $155.00 to $138.00 in a research report that was made public on October 24.
The stock of the company was the subject of the study. Wells Fargo & Company raised their target price on American Water Works from $149.00 to $159.00 in a research report that was made public on Wednesday, December 14.
This represents an increase from the previous price of $159.00.
There have been two buy recommendations made by equity research experts for the company, while there have been six recommendations for investors to hold onto their shares.
The stock has been assigned a rating of “Hold” at the moment, and market watchers forecast its price will rise to $154.67 in the not-too-distant future.
This information was obtained from Bloomberg.
The American Water Works Company, INC, is tasked with supplying its clientele with water and wastewater services.
The phrases “regulated businesses,” “market-based businesses,” and “others” are used to refer to the organization’s three distinct operational divisions. Customers can receive water and wastewater services from the segment of regulated businesses responsible for dealing with relevant industries.
The market-based businesses sector comprises several sub-sectors, including the military services group, the contract operations group, the homeowner services group, and keystone operations.