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

SRS Capital Advisors Inc. boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 334.6% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AWK. US Bancorp DE lifted its stake in shares of American Water Works by 4.4% in the 3rd quarter. US Bancorp DE now owns 50,503 shares of the utilities provider’s stock valued at $7,386,000 after purchasing an additional 2,125 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of American Water Works by 41.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 446 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of American Water Works by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock valued at $15,024,000 after purchasing an additional 2,366 shares during the period. Van ECK Associates Corp lifted its stake in shares of American Water Works by 4.4% in the 3rd quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after purchasing an additional 2,269 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of American Water Works by 17.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock valued at $17,981,000 after purchasing an additional 18,143 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Water Works Price Performance

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

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Equities analysts forecast 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 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 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 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.