Nuance Investments LLC Has $16.74 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Nuance Investments LLC cut its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 81.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 114,476 shares of the utilities provider's stock after selling 503,584 shares during the quarter. Nuance Investments LLC owned 0.06% of American Water Works worth $16,741,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of American Water Works by 2.5% in the 1st quarter. Bessemer Group Inc. now owns 6,707 shares of the utilities provider's stock worth $819,000 after acquiring an additional 162 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of American Water Works in the 1st quarter worth $211,000. Huber Capital Management LLC grew its holdings in shares of American Water Works by 8.8% in the 1st quarter. Huber Capital Management LLC now owns 4,135 shares of the utilities provider's stock worth $505,000 after acquiring an additional 335 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of American Water Works by 265.0% in the 1st quarter. Quadrature Capital Ltd now owns 47,634 shares of the utilities provider's stock worth $5,818,000 after acquiring an additional 34,585 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of American Water Works in the 1st quarter worth $171,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

NYSE:AWK traded down $0.31 on Wednesday, reaching $137.89. The stock had a trading volume of 1,096,274 shares, compared to its average volume of 1,200,020. The company has a market capitalization of $26.87 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $140.62 and a 200-day moving average price of $137.63.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, November 12th. American Water Works's dividend payout ratio is presently 60.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Mizuho cut American Water Works from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Wells Fargo & Company lowered shares of American Water Works from an "equal weight" rating to an "underweight" rating and increased their price target for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. Bank of America reaffirmed an "underperform" rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective for the company. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $142.29.

Insiders Place Their Bets

In related news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares of the company's stock, valued at $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.08% of the company's stock.

About American Water Works

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.