Avanza Fonder AB Purchases New Position in American Water Works Company, Inc. (NYSE:AWK)

Avanza Fonder AB acquired a new position in American Water Works Company, Inc. (NYSE:AWKFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 21,189 shares of the utilities provider’s stock, valued at approximately $2,638,000.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after acquiring an additional 214,082 shares during the period. Geode Capital Management LLC boosted its stake in American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares during the period. Nordea Investment Management AB grew its holdings in American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after buying an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of American Water Works by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after buying an additional 143,914 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of 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 worth $210,313,000 after buying an additional 1,321,320 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AWK. Bank of America reaffirmed an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Jefferies Financial Group assumed 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. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Mizuho lowered 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 note on Tuesday, October 15th. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.00.

View Our Latest Analysis on American Water Works

American Water Works Trading Up 0.3 %

NYSE AWK opened at $126.69 on Friday. 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 stock’s 50-day simple moving average is $129.63 and its two-hundred day simple moving average is $136.97. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.61 and a beta of 0.71.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.42%. American Water Works’s dividend payout ratio is 60.59%.

American Water Works Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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