Victory Capital Management Inc. Buys 1,321,320 Shares of American Water Works Company, Inc. (NYSE:AWK)

Victory Capital Management Inc. raised its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1,131.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,438,137 shares of the utilities provider's stock after purchasing an additional 1,321,320 shares during the quarter. Victory Capital Management Inc. owned approximately 0.74% of American Water Works worth $210,313,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 during the last quarter. Edgestream Partners L.P. raised its position in shares of American Water Works by 153.8% during the first quarter. Edgestream Partners L.P. now owns 13,640 shares of the utilities provider's stock worth $1,667,000 after acquiring an additional 8,266 shares during the last quarter. AQR Capital Management LLC raised its position in shares of American Water Works by 21.6% during the second quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider's stock worth $4,023,000 after acquiring an additional 5,564 shares during the last quarter. Empowered Funds LLC raised its holdings in American Water Works by 330.9% during the 1st quarter. Empowered Funds LLC now owns 10,530 shares of the utilities provider's stock worth $1,287,000 after purchasing an additional 8,086 shares during the last quarter. Finally, Magnetar Financial LLC raised its holdings in American Water Works by 18.1% during the 1st quarter. Magnetar Financial LLC now owns 24,816 shares of the utilities provider's stock worth $3,033,000 after purchasing an additional 3,801 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent research reports. Wolfe Research raised shares of American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and upped their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Wells Fargo & Company cut shares of American Water Works from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $164.00 price objective on shares of American Water Works in a report on Thursday, September 19th. Finally, Bank of America reiterated an "underperform" rating and issued a $140.00 price objective on shares of American Water Works in a report on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, American Water Works has a consensus rating of "Hold" and a consensus price target of $140.00.

Insider Transactions at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the stock in a transaction dated 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 directly owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

American Water Works Stock Down 1.2 %

Shares of AWK traded down $1.60 on Tuesday, hitting $132.40. The company's stock had a trading volume of 932,799 shares, compared to its average volume of 1,196,884. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.27 and a beta of 0.70. The firm's fifty day moving average price is $141.90 and its 200-day moving average price is $137.20. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $150.68.

American Water Works Announces Dividend

The business 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 dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works's dividend payout ratio is 60.59%.

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.