5 Best Water Stocks and ETFs to Buy in 2021

2. American Water Works Company Inc (NYSE: AWK

New Jersey-based American Water Works ranks 3rd on the list of 10 best water stocks and ETFs to buy in 2021. The company went public on the New York Stock Exchange in 2008. American Water Works provides services to about 14 million people in 46 states in the U.S.

Cliff Asness’ AQR Capital Management increased its hold in the company by 5% in the third quarter. The fund owns 470,392 shares of the company, worth $68.15 million. In December, BofA upgraded AWK shares to Neutral from Underperform. The firm also increased its price target for the company to $155 from $139.

Related Article: Is AWK A Good Stock To Buy According To Hedge Funds?