Nisa Investment Advisors LLC Has $1.72 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Nisa Investment Advisors LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 13,789 shares of the utilities provider’s stock after acquiring an additional 551 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Water Works were worth $1,717,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its holdings in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock worth $4,023,000 after purchasing an additional 5,564 shares during the period. MBB Public Markets I LLC bought a new position in American Water Works during the 2nd quarter worth $1,610,000. The Manufacturers Life Insurance Company increased its stake in American Water Works by 12.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 125,724 shares of the utilities provider’s stock worth $16,239,000 after acquiring an additional 13,457 shares during the period. Ascent Group LLC raised its holdings in American Water Works by 6.8% in the 2nd quarter. Ascent Group LLC now owns 12,278 shares of the utilities provider’s stock valued at $1,586,000 after acquiring an additional 782 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of American Water Works by 0.4% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 633,866 shares of the utilities provider’s stock worth $81,870,000 after purchasing an additional 2,273 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AWK shares. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group assumed 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 on the stock. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.00.

American Water Works Price Performance

Shares of NYSE:AWK opened at $121.67 on Monday. 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 0.58 and a quick ratio of 0.53. The company has a market cap of $23.71 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.62 and a beta of 0.71. The firm has a 50 day simple moving average of $128.48 and a 200 day simple moving average of $136.82.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is 60.59%.

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.