Centiva Capital LP Purchases New Shares in American Water Works Company, Inc. (NYSE:AWK)

Centiva Capital LP purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,129 shares of the utilities provider’s stock, valued at approximately $1,920,000.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in American Water Works during the second quarter valued at $30,000. Catalyst Capital Advisors LLC lifted its position in American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after buying an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new position in American Water Works during the third quarter valued at $51,000. Hantz Financial Services Inc. purchased a new position in American Water Works during the second quarter valued at $46,000. Finally, Assetmark Inc. lifted its position in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

AWK opened at $135.60 on Tuesday. The stock has a 50-day moving average price of $138.69 and a 200-day moving average price of $137.90. 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 firm has a market cap of $26.43 billion, a PE ratio of 26.85, a P/E/G ratio of 3.19 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.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analysts Set New Price Targets

AWK has been the subject of several recent research reports. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Finally, Bank of America reaffirmed an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $142.29.

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.