SRS Capital Advisors Inc. Has $505,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

SRS Capital Advisors Inc. increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 334.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,055 shares of the utilities provider’s stock after buying an additional 3,122 shares during the quarter. SRS Capital Advisors Inc.’s holdings in American Water Works were worth $505,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in American Water Works during the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the fourth quarter valued at approximately $28,000. Catalyst Capital Advisors LLC boosted its holdings 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 purchasing an additional 182 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in American Water Works during the fourth quarter valued at approximately $48,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE:AWK opened at $139.48 on Tuesday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $150.68. The firm has a 50 day moving average of $126.08 and a 200-day moving average of $134.36. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $27.19 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Water Works has an average rating of “Hold” and an average price target of $140.57.

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.