Jmac Enterprises LLC Buys New Shares in American Water Works Company, Inc. (NYSE:AWK)

Jmac Enterprises LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the utilities provider’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Lake Street Advisors Group LLC increased its holdings in American Water Works by 4.2% during the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider’s stock worth $272,000 after buying an additional 75 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 76 shares during the last quarter. Invesco LLC raised its holdings in shares of American Water Works by 3.4% in the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after purchasing an additional 82 shares during the period. Assetmark Inc. raised its holdings in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the period. Finally, Brookfield Corp ON lifted its stake in American Water Works by 0.3% in the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 89 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

AWK stock opened at $125.17 on Wednesday. The firm has a 50 day simple moving average of $125.67 and a two-hundred day simple moving average of $135.66. The stock has a market cap of $24.39 billion, a PE ratio of 24.79, a P/E/G ratio of 2.62 and a beta of 0.72. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.44%. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised shares of American Water Works from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $139.38.

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.