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

Varma Mutual Pension Insurance Co lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,542 shares of the utilities provider’s stock after acquiring an additional 5,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in American Water Works were worth $9,819,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. American National Bank & Trust bought a new position in shares of American Water Works in the third quarter valued at $26,000. Grey Fox Wealth Advisors LLC bought a new stake in American Water Works during the third quarter worth $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in American Water Works in the third quarter valued at $28,000. Elevation Point Wealth Partners LLC bought a new position in shares of American Water Works in the 2nd quarter valued at about $29,000. Finally, Cloud Capital Management LLC acquired a new position in shares of American Water Works during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. Wells Fargo & Company reduced their target price on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $117.00 to $139.00 in a report on Monday, January 12th. Barclays cut their price target on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Finally, UBS Group set a $149.00 price objective on shares of American Water Works in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.89.

American Water Works Stock Up 4.1%

AWK stock opened at $133.62 on Friday. The business’s fifty day moving average price is $129.68 and its two-hundred day moving average price is $134.94. The stock has a market capitalization 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 fifty-two week low of $121.28 and a fifty-two week high of $155.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39.

American Water Works Dividend Announcement

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

American Water Works Profile

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.