Bryn Mawr Capital Management LLC Invests $373,000 in American Water Works Company, Inc. (NYSE:AWK)

Bryn Mawr Capital Management LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,995 shares of the utilities provider’s stock, valued at approximately $373,000.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of American Water Works by 1.9% during the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after acquiring an additional 43,754 shares during the last quarter. Nordea Investment Management AB boosted its holdings in American Water Works by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after acquiring an additional 125,128 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after acquiring an additional 1,321,320 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Water Works by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider’s stock valued at $163,798,000 after acquiring an additional 18,586 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AWK. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price target 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. Finally, Wells Fargo & Company raised their price target on American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.57.

American Water Works Trading Down 0.7 %

NYSE:AWK opened at $134.12 on Friday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The business’s 50-day moving average price is $125.61 and its two-hundred day moving average price is $134.52. 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 firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.80 and a beta of 0.72.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is currently 56.77%.

About American Water Works

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.