Nomura Asset Management Co. Ltd. raised its position in American Water Works (NYSE:AWK) by 718.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,460 shares of the utilities provider’s stock after acquiring an additional 229,500 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.15% of American Water Works worth $21,155,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new position in American Water Works in the 2nd quarter valued at approximately $118,000. Peddock Capital Advisors LLC acquired a new position in American Water Works in the 2nd quarter valued at approximately $131,000. Aviance Capital Management LLC acquired a new position in American Water Works in the 2nd quarter valued at approximately $147,000. Almanack Investment Partners LLC. acquired a new position in American Water Works in the 2nd quarter valued at approximately $154,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in American Water Works by 8.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 197 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

AWK has been the subject of several recent research reports. Bank of America initiated coverage on American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target for the company. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Wells Fargo & Company set a $89.00 price target on American Water Works and gave the company a “hold” rating in a report on Thursday, October 19th. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and a consensus target price of $85.63.

In related news, insider Deborah A. Degillio sold 822 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the sale, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Walter Lynch sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the sale, the chief operating officer now owns 97,667 shares in the company, valued at $8,785,146.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,856 shares of company stock worth $616,700. Corporate insiders own 0.34% of the company’s stock.

Shares of American Water Works (NYSE AWK) opened at $91.32 on Tuesday. American Water Works has a 12 month low of $69.96 and a 12 month high of $91.97. The firm has a market capitalization of $16,290.00, a P/E ratio of 31.45, a PEG ratio of 4.00 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue was up .6% compared to the same quarter last year. sell-side analysts predict that American Water Works will post 3.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a $0.415 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.82%. American Water Works’s dividend payout ratio is currently 56.27%.

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About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

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

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