Connor Clark & Lunn Investment Management Ltd. Purchases New Position in American Water Works Company, Inc. (NYSE:AWK)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 62,823 shares of the utilities provider's stock, valued at approximately $9,187,000.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of American Water Works during the second quarter worth $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 worth $44,000 after purchasing an additional 182 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of American Water Works during the second quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of American Water Works in the second quarter valued at approximately $50,000. Finally, Ashton Thomas Securities LLC acquired a new stake in American Water Works during the third quarter worth approximately $51,000. Institutional investors own 86.58% of the company's stock.

Insider Activity

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

American Water Works Trading Down 1.1 %

Shares of AWK traded down $1.48 during trading hours on Friday, hitting $137.31. 1,046,594 shares of the stock were exchanged, compared to its average volume of 1,198,256. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The business has a 50-day moving average of $140.27 and a 200-day moving average of $137.64. The firm has a market capitalization of $26.76 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.23%. The ex-dividend date 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 weighed in on AWK shares. Mizuho cut American Water Works from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $164.00 price objective on shares of American Water Works in a research note on Thursday, September 19th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and upped their price target for the stock from $151.00 to $155.00 in a report on Tuesday. Wells Fargo & Company downgraded American Water Works from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Wolfe Research raised American Water Works to a "hold" rating in a report on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.