American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,418,102 shares of the utilities provider’s stock after purchasing an additional 125,128 shares during the quarter. Nordea Investment Management AB owned 1.24% of American Water Works worth $300,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lake Street Advisors Group LLC increased its holdings in shares of American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock valued at $272,000 after buying an additional 75 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 79 shares during the period. Invesco LLC boosted its position in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 82 shares during the period. Finally, Asset Dedication LLC increased its stake in American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 85 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 0.1 %

NYSE:AWK opened at $123.77 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average is $132.03 and its 200-day moving average is $137.54. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 3.03 and a beta of 0.71. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.47%. American Water Works’s dividend payout ratio is presently 60.59%.

Analysts Set New Price Targets

Several brokerages have commented on AWK. Jefferies Financial Group began coverage on shares of American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada restated an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Finally, Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $142.29.

About American Water Works

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.