Nomura Asset Management Co. Ltd. Has $24.72 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Nomura Asset Management Co. Ltd. raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,033 shares of the utilities provider's stock after buying an additional 30,528 shares during the period. Nomura Asset Management Co. Ltd. owned 0.09% of American Water Works worth $24,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of American Water Works during the second quarter worth approximately $30,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock worth $44,000 after buying an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new position in American Water Works during the second quarter valued at about $46,000. Ashton Thomas Securities LLC acquired a new position in American Water Works in the 3rd quarter valued at approximately $51,000. Finally, Assetmark Inc. lifted its position in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK traded down $0.65 on Wednesday, hitting $130.33. The company's stock had a trading volume of 822,545 shares, compared to its average volume of 1,208,191. The company has a 50 day moving average price of $137.13 and a 200 day moving average price of $137.89. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a market capitalization of $25.40 billion, a PE ratio of 25.82, a PEG ratio of 3.08 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Dividend Announcement

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 issued a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.35%. American Water Works's dividend payout ratio is 60.59%.

Analyst Ratings Changes

A number of brokerages recently commented on AWK. Bank of America restated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective on the stock. Finally, UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and increased their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $142.29.

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.