Bridge Creek Capital Management LLC Acquires 187 Shares of American Water Works Company, Inc. (NYSE:AWK)

Bridge Creek Capital Management LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,764 shares of the utilities provider’s stock after acquiring an additional 187 shares during the period. Bridge Creek Capital Management LLC’s holdings in American Water Works were worth $2,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in American Water Works by 1.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of American Water Works by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after acquiring an additional 143,914 shares during the last quarter. Finally, Wulff Hansen & CO. grew its holdings in shares of American Water Works by 12,816.0% in the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider’s stock valued at $189,177,000 after purchasing an additional 1,453,334 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Down 0.4 %

American Water Works stock traded down $0.43 during mid-day trading on Monday, reaching $120.69. 655,624 shares of the company were exchanged, compared to its average volume of 878,151. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. The firm has a market cap of $23.52 billion, a P/E ratio of 23.90, a PEG ratio of 3.03 and a beta of 0.71. The business has a fifty day moving average of $130.53 and a 200 day moving average of $137.24. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68.

American Water Works Announces Dividend

The company 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 of this dividend is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.54%. American Water Works’s payout ratio is 60.59%.

Analysts Set New Price Targets

AWK has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Bank of America reissued an “underperform” rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective for the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Wolfe Research raised American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $141.00.

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.