Bryn Mawr Capital Management LLC Takes $797,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Bryn Mawr Capital Management LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,404 shares of the utilities provider’s stock, valued at approximately $797,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lake Street Advisors Group LLC grew its holdings in shares of 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 purchasing an additional 75 shares during the last quarter. IHT Wealth Management LLC boosted its position in 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 buying an additional 76 shares during the period. Invesco LLC grew its holdings in American Water Works by 3.4% during the 3rd quarter. Invesco LLC now owns 2,467 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 82 shares during the last quarter. Assetmark Inc. grew its holdings in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares during the last quarter. Finally, Brookfield Corp ON increased its position in American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $128.66 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The firm’s fifty day simple moving average is $124.91 and its two-hundred day simple moving average is $134.87. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The stock has a market capitalization of $25.07 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.69 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 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 9.75% and a net margin of 21.77%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, analysts predict that American Water Works Company, Inc. will post 5.29 EPS for the current year.

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 dividend of $0.765 per share. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.38%. American Water Works’s payout ratio is presently 60.59%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AWK shares. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their target price on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Three 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.57.

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.