Clean Yield Group increased its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 64,030 shares of the utilities provider’s stock after buying an additional 2,783 shares during the quarter. American Water Works comprises approximately 2.5% of Clean Yield Group’s portfolio, making the stock its 6th biggest position. Clean Yield Group’s holdings in American Water Works were worth $7,971,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its position in American Water Works by 21.6% in the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after buying an additional 5,564 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of 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 acquiring an additional 125,128 shares during the period. Swedbank AB increased its holdings in American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after acquiring an additional 42,094 shares in the last quarter. JPMorgan Chase & Co. raised its stake in American Water Works by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 969,016 shares of the utilities provider’s stock worth $141,709,000 after acquiring an additional 5,889 shares during the period. Finally, Pathstone Holdings LLC lifted its stake in shares of American Water Works by 11.3% during the 3rd quarter. Pathstone Holdings LLC now owns 48,618 shares of the utilities provider’s stock valued at $7,110,000 after buying an additional 4,944 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.
American Water Works Price Performance
Shares of AWK stock traded down $0.43 on Monday, reaching $120.69. The company’s stock had a trading volume of 655,624 shares, compared to its average volume of 878,151. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. The stock’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $137.24. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68.
American Water Works Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have commented on AWK shares. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Jefferies Financial Group initiated 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 objective on the stock. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.00.
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.
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