Centiva Capital LP Invests $1.92 Million in American Water Works Company, Inc. (NYSE:AWK)

Centiva Capital LP acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,129 shares of the utilities provider's stock, valued at approximately $1,920,000.

Several other large investors have also added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in shares of American Water Works in the second quarter valued at approximately $30,000. Catalyst Capital Advisors LLC grew its position in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of American Water Works in the third quarter worth $51,000. Hantz Financial Services Inc. bought a new stake in American Water Works during the second quarter valued at $46,000. Finally, Assetmark Inc. increased its stake in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Down 0.4 %

NYSE AWK traded down $0.54 on Tuesday, hitting $135.06. The company's stock had a trading volume of 674,043 shares, compared to its average volume of 1,205,070. The firm has a market cap of $26.32 billion, a P/E ratio of 26.85, a PEG ratio of 3.19 and a beta of 0.70. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $150.68. The company's 50-day simple moving average is $138.69 and its 200 day simple moving average is $137.90. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

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 issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, November 12th. American Water Works's dividend payout ratio (DPR) is currently 60.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AWK shares. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price on the stock. Bank of America reiterated an "underperform" rating and set a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of "Hold" and a consensus target price of $142.29.

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.