Swedbank AB Buys 42,094 Shares of American Water Works Company, Inc. (NYSE:AWK)

Swedbank AB lifted its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 65.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,383 shares of the utilities provider's stock after buying an additional 42,094 shares during the period. Swedbank AB owned about 0.05% of American Water Works worth $15,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AWK. Miracle Mile Advisors LLC lifted its position in American Water Works by 2.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider's stock worth $408,000 after buying an additional 79 shares in the last quarter. Asset Dedication LLC boosted its position in American Water Works by 1.6% during the second quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider's stock valued at $699,000 after purchasing an additional 85 shares during the last quarter. Moody National Bank Trust Division grew its stake in American Water Works by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,590 shares of the utilities provider's stock valued at $593,000 after purchasing an additional 88 shares in the last quarter. State of Alaska Department of Revenue grew its stake in American Water Works by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 21,123 shares of the utilities provider's stock valued at $2,581,000 after purchasing an additional 95 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in American Water Works by 25.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider's stock worth $70,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AWK shares. Wolfe Research upgraded American Water Works to a "hold" rating in a report on Wednesday, September 18th. Wells Fargo & Company downgraded shares of American Water Works from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Mizuho downgraded shares of American Water Works from an "outperform" rating to a "neutral" rating and raised their price target for the company from $131.00 to $140.00 in a report on Tuesday. Bank of America reiterated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Finally, Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $140.00.

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

American Water Works Stock Performance

American Water Works stock traded up $1.17 on Friday, reaching $141.96. 818,219 shares of the stock were exchanged, compared to its average volume of 1,206,506. The stock has a market cap of $27.66 billion, a PE ratio of 28.57, a PEG ratio of 3.28 and a beta of 0.69. The firm has a fifty day moving average price of $143.27 and a two-hundred day moving average price of $134.73. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 13th. American Water Works's dividend payout ratio (DPR) is presently 62.07%.

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.