Nuance Investments LLC Has $13.92 Million Stock Holdings in American Water Works Company, Inc. $AWK

Nuance Investments LLC trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 23.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 99,995 shares of the utilities provider’s stock after selling 30,466 shares during the period. American Water Works makes up about 1.4% of Nuance Investments LLC’s investment portfolio, making the stock its 21st biggest position. Nuance Investments LLC’s holdings in American Water Works were worth $13,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in American Water Works by 14.5% during the third quarter. New York State Common Retirement Fund now owns 350,471 shares of the utilities provider’s stock valued at $48,782,000 after purchasing an additional 44,336 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of American Water Works by 31.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock worth $19,000,000 after buying an additional 32,834 shares during the period. Swedbank AB lifted its position in shares of American Water Works by 88.5% during the 3rd quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock worth $35,829,000 after buying an additional 120,890 shares during the period. Asset Management One Co. Ltd. boosted its stake in American Water Works by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock valued at $16,242,000 after buying an additional 7,831 shares in the last quarter. Finally, St. Johns Investment Management Company LLC grew its position in American Water Works by 11.2% in the second quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock valued at $508,000 after acquiring an additional 368 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 1.0%

NYSE:AWK opened at $124.46 on Monday. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. The stock’s fifty day moving average price is $130.03 and its two-hundred day moving average price is $135.33. American Water Works Company, Inc. has a 52-week low of $121.39 and a 52-week high of $155.50.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is presently 58.17%.

Wall Street Analyst Weigh In

AWK has been the subject of a number of analyst reports. Mizuho set a $145.00 price objective on American Water Works in a report on Tuesday, October 28th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Barclays reduced their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. UBS Group set a $149.00 price objective on shares of American Water Works in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $140.89.

About American Water Works

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.