Bryn Mawr Trust Advisors LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 903.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,810 shares of the utilities provider’s stock after acquiring an additional 34,943 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in American Water Works were worth $5,065,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in American Water Works during the third quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in American Water Works during the third quarter valued at approximately $28,000. Cloud Capital Management LLC purchased a new position in American Water Works during the third quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC purchased a new position in American Water Works during the third quarter valued at approximately $33,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.
American Water Works Stock Down 0.9%
Shares of AWK opened at $125.03 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The stock’s 50 day moving average is $134.69 and its two-hundred day moving average is $132.18. The firm has a market cap of $24.42 billion, a P/E ratio of 22.17, a PEG ratio of 2.76 and a beta of 0.64. American Water Works Company, Inc. has a 12 month low of $121.28 and a 12 month high of $147.87.
American Water Works Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th will be paid a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 12th. American Water Works’s dividend payout ratio is presently 58.69%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on AWK shares. Wells Fargo & Company set a $131.00 price target on American Water Works in a research report on Tuesday, April 21st. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Barclays raised their price objective on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $117.00 to $139.00 in a report on Monday, January 12th. Finally, UBS Group dropped their price objective on American Water Works from $149.00 to $137.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Water Works has an average rating of “Hold” and an average price target of $139.11.
Read Our Latest Stock Report on American Water Works
American Water Works Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
See Also
- Five stocks we like better than American Water Works
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
