Victory Capital Management Inc. Has $210.31 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Victory Capital Management Inc. increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1,131.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,438,137 shares of the utilities provider’s stock after purchasing an additional 1,321,320 shares during the period. Victory Capital Management Inc. owned approximately 0.74% of American Water Works worth $210,313,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AWK. Wulff Hansen & CO. grew its stake in shares of American Water Works by 12,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after purchasing an additional 1,453,334 shares during the period. M&G Plc bought a new stake in American Water Works in the first quarter valued at $108,688,000. Vanguard Group Inc. grew its position in American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after acquiring an additional 624,977 shares during the period. International Assets Investment Management LLC raised its stake in American Water Works by 14,944.4% during the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after acquiring an additional 534,411 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of American Water Works by 631.4% during the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock valued at $65,192,000 after acquiring an additional 384,836 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AWK. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target for the company. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $140.00.

Insider Transactions at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Price Performance

Shares of AWK traded down $1.64 during mid-day trading on Tuesday, hitting $133.13. 185,653 shares of the company traded hands, compared to its average volume of 1,193,475. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average of $141.90 and a 200 day moving average of $137.20. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.27 and a beta of 0.70.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.06 annualized dividend and a dividend yield of 2.30%. American Water Works’s dividend payout ratio (DPR) is currently 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.