8,504 Shares in American Water Works Company, Inc. (NYSE:AWK) Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,504 shares of the utilities provider's stock, valued at approximately $1,244,000.

Other institutional investors also recently modified their holdings of the company. Wulff Hansen & CO. raised its position in shares of 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 worth $189,177,000 after acquiring an additional 1,453,334 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of American Water Works by 1,131.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider's stock worth $210,313,000 after buying an additional 1,321,320 shares during the period. International Assets Investment Management LLC lifted its holdings in American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider's stock valued at $786,750,000 after buying an additional 534,411 shares during the period. Assenagon Asset Management S.A. grew its stake 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 worth $65,192,000 after purchasing an additional 384,836 shares during the period. Finally, Sei Investments Co. raised its stake in American Water Works by 201.9% during the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider's stock worth $56,264,000 after buying an additional 291,315 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

American Water Works stock traded down $1.33 during midday trading on Monday, hitting $131.04. The company's stock had a trading volume of 439,878 shares, compared to its average volume of 1,207,986. The company has a market cap of $25.54 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.08 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year 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 has a 50-day moving average price of $137.73 and a two-hundred day moving average price of $137.86.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.34%. American Water Works's dividend payout ratio is currently 60.59%.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent research reports. Jefferies Financial Group started coverage on American Water Works in a research report on Monday, October 7th. They set an "underperform" rating and a $124.00 price objective for the company. Bank of America reiterated an "underperform" rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded American Water Works from an "outperform" rating to a "neutral" rating and raised their price target for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $142.29.

About American Water Works

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.