Mattern Capital Management LLC Raises Stake in American Water Works Company, Inc. (NYSE:AWK)

Mattern Capital Management LLC increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,908 shares of the utilities provider’s stock after purchasing an additional 1,651 shares during the period. Mattern Capital Management LLC’s holdings in American Water Works were worth $7,707,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AWK. Creative Planning lifted its holdings in American Water Works by 1.6% during the 3rd quarter. Creative Planning now owns 35,523 shares of the utilities provider’s stock worth $5,195,000 after purchasing an additional 572 shares in the last quarter. Blue Trust Inc. lifted its holdings in American Water Works by 66.7% during the 3rd quarter. Blue Trust Inc. now owns 847 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 339 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of American Water Works by 446.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 348 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of American Water Works by 13.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,326 shares of the utilities provider’s stock valued at $486,000 after acquiring an additional 383 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of American Water Works by 2.0% in the 3rd quarter. Signaturefd LLC now owns 4,649 shares of the utilities provider’s stock valued at $680,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. lowered 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, UBS Group raised 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. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.57.

American Water Works Stock Up 0.6 %

Shares of NYSE:AWK opened at $128.66 on Friday. The stock has a fifty day simple moving average of $124.91 and a two-hundred day simple moving average of $134.87. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.69 and a beta of 0.72. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 9.75% and a net margin of 21.77%. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.29 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, February 7th. American Water Works’s payout ratio is presently 60.59%.

American Water Works Company 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.