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

Nuance Investments LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 81.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,476 shares of the utilities provider’s stock after selling 503,584 shares during the quarter. Nuance Investments LLC owned approximately 0.06% of American Water Works worth $16,741,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AWK. ORG Partners LLC bought a new position in American Water Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC increased its holdings in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of American Water Works during the 2nd quarter valued at approximately $46,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of American Water Works in the second quarter worth $50,000. Finally, Ashton Thomas Securities LLC purchased a new position in American Water Works during the 3rd quarter valued at about $51,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of American Water Works stock opened at $138.19 on Wednesday. The stock’s fifty day moving average price is $140.62 and its 200-day moving average price is $137.63. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The firm has a market cap of $26.93 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.12 and a beta of 0.70. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.21%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AWK. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Finally, Jefferies Financial Group initiated coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $142.29.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business’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 transaction, the director now directly owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

American Water Works 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.