Nomura Asset Management Co. Ltd. Increases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Nomura Asset Management Co. Ltd. increased its position in American Water Works Company, Inc. (NYSE:AWK) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,033 shares of the utilities provider’s stock after buying an additional 30,528 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.09% of American Water Works worth $24,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. increased 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 worth $189,177,000 after acquiring an additional 1,453,334 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. International Assets Investment Management LLC boosted its position in American Water Works by 14,944.4% during the 3rd 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. Assenagon Asset Management S.A. increased its holdings in American Water Works by 631.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after purchasing an additional 384,836 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in American Water Works in the third quarter valued at about $43,872,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AWK shares. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Four research 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, American Water Works presently has a consensus rating of “Hold” and an average price target of $142.29.

American Water Works Trading Up 0.2 %

NYSE:AWK opened at $130.98 on Wednesday. The company’s 50 day moving average is $137.42 and its 200-day moving average is $137.87. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.08 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

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.