Varma Mutual Pension Insurance Co Has $9.82 Million Holdings in American Water Works Company, Inc. $AWK

Varma Mutual Pension Insurance Co raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,542 shares of the utilities provider’s stock after buying an additional 5,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in American Water Works were worth $9,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its stake in American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP raised its holdings in shares of American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in American Water Works during the 2nd quarter worth about $302,000. IFP Advisors Inc lifted its position in American Water Works by 37.2% during the 2nd quarter. IFP Advisors Inc now owns 1,642 shares of the utilities provider’s stock worth $228,000 after buying an additional 445 shares in the last quarter. Finally, CWM LLC grew its holdings in American Water Works by 25.7% during the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock worth $2,444,000 after acquiring an additional 3,589 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of research reports. UBS Group set a $149.00 target price on shares of American Water Works in a research report on Wednesday, December 17th. Barclays dropped their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $117.00 to $139.00 in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Finally, Mizuho set a $145.00 price target on American Water Works in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.89.

American Water Works Trading Up 4.1%

Shares of NYSE:AWK opened at $133.62 on Friday. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.99 and a beta of 0.77. American Water Works Company, Inc. has a 12 month low of $121.28 and a 12 month high of $155.50. The company’s fifty day simple moving average is $129.68 and its 200 day simple moving average is $134.94. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a yield of 2.5%. American Water Works’s payout ratio is presently 58.17%.

About American Water Works

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.