Versor Investments LP Makes New $980,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Versor Investments LP bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,700 shares of the utilities provider's stock, valued at approximately $980,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Vanguard Group Inc. lifted its stake in American Water Works by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock worth $3,012,272,000 after purchasing an additional 624,977 shares in the last quarter. Impax Asset Management Group plc lifted its position in American Water Works by 3.7% during the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider's stock valued at $890,422,000 after acquiring an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider's stock worth $328,354,000 after buying an additional 143,914 shares during the last quarter. Mirova US LLC grew its stake in shares of American Water Works by 2.1% in the second quarter. Mirova US LLC now owns 1,588,109 shares of the utilities provider's stock worth $205,120,000 after acquiring an additional 32,764 shares during the period. Finally, Wulff Hansen & CO. grew its position in American Water Works by 12,816.0% during the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock valued at $189,177,000 after buying an additional 1,453,334 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Down 1.2 %

NYSE:AWK traded down $1.60 during mid-day trading on Tuesday, reaching $132.40. The company's stock had a trading volume of 932,799 shares, compared to its average volume of 1,196,884. The stock has a market cap of $25.80 billion, a P/E ratio of 26.22, a P/E/G ratio of 3.27 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month 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's fifty day simple moving average is $141.90 and its two-hundred day simple moving average is $137.20.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works's dividend payout ratio (DPR) is presently 60.59%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

American Water Works 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.