Victory Capital Management Inc. Has $395.18 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Victory Capital Management Inc. raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 120.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,174,395 shares of the utilities provider’s stock after acquiring an additional 1,736,258 shares during the period. Victory Capital Management Inc.’s holdings in American Water Works were worth $395,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Crews Bank & Trust bought a new stake in shares of American Water Works in the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new position in American Water Works during the 4th quarter valued at $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works in the 4th quarter valued at $28,000. Catalyst Capital Advisors LLC grew its position in American Water Works by 155.6% in 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 during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American Water Works during the 3rd quarter worth about $51,000. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AWK. Wells Fargo & Company increased their target price on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.57.

American Water Works Stock Down 0.0 %

Shares of AWK opened at $139.51 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The stock has a market cap of $27.20 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 2.80 and a beta of 0.72. The company has a 50-day moving average price of $126.36 and a two-hundred day moving average price of $134.35. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th were issued a $0.765 dividend. This represents a $3.06 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, February 7th. American Water Works’s payout ratio is 56.77%.

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.