Norden Group LLC Has $514,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Norden Group LLC lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,126 shares of the utilities provider’s stock after selling 190 shares during the quarter. Norden Group LLC’s holdings in American Water Works were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its stake in shares of American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after purchasing an additional 43,754 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after purchasing an additional 125,128 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after purchasing an additional 1,321,320 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Water Works by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider’s stock valued at $163,798,000 after purchasing an additional 18,586 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $139.48 on Tuesday. The company’s fifty day moving average price is $126.08 and its 200 day moving average price is $134.36. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The company has a market capitalization of $27.19 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a dividend yield of 2.19%. American Water Works’s payout ratio is 56.77%.

Analysts Set New Price Targets

AWK has been the subject of several analyst reports. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their target price on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.57.

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.