Stonebridge Financial Group LLC Makes New $48,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Stonebridge Financial Group LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 385 shares of the utilities provider’s stock, valued at approximately $48,000.

Several other large investors also recently made changes to their positions in AWK. Crews Bank & Trust bought a new stake in American Water Works in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC lifted its holdings in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works in the third quarter valued at about $51,000. Assetmark Inc. boosted its position in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK opened at $126.79 on Friday. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.62 and a beta of 0.72. 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 company’s fifty day simple moving average is $125.38 and its 200 day simple moving average is $135.47. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year 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. Stockholders of record on Friday, February 7th will be issued a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.41%. American Water Works’s payout ratio is 60.59%.

Analysts Set New Price Targets

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

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.