Swedbank AB Buys 42,094 Shares of American Water Works Company, Inc. (NYSE:AWK)

Swedbank AB boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 65.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,383 shares of the utilities provider’s stock after buying an additional 42,094 shares during the period. Swedbank AB owned approximately 0.05% of American Water Works worth $15,557,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after buying an additional 5,564 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of American Water Works by 7.4% in the 1st quarter. California State Teachers Retirement System now owns 420,963 shares of the utilities provider’s stock worth $51,446,000 after purchasing an additional 29,100 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of American Water Works by 52.6% in the first quarter. Lazard Asset Management LLC now owns 19,039 shares of the utilities provider’s stock worth $2,326,000 after purchasing an additional 6,562 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of American Water Works by 350.4% during the second quarter. Boston Trust Walden Corp now owns 10,360 shares of the utilities provider’s stock valued at $1,338,000 after purchasing an additional 8,060 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of American Water Works during the second quarter valued at $1,610,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent analyst reports. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Bank of America restated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Wells Fargo & Company cut shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.29.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Price Performance

Shares of American Water Works stock opened at $137.63 on Wednesday. The stock has a market cap of $26.82 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.20 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The stock’s fifty day moving average is $139.56 and its 200 day moving average is $137.80. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works Dividend Announcement

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

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.