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

Bridge Creek Capital Management LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,764 shares of the utilities provider’s stock after buying an additional 187 shares during the period. Bridge Creek Capital Management LLC’s holdings in American Water Works were worth $2,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC raised its stake in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after buying an additional 182 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in American Water Works during the 3rd quarter valued at about $51,000. Assetmark Inc. boosted its stake in 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 acquiring an additional 89 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in American Water Works by 446.2% in the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 348 shares during the period. Finally, Sugarloaf Wealth Management LLC increased its position in American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after buying an additional 96 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock traded down $0.43 during trading on Monday, reaching $120.69. The company had a trading volume of 655,624 shares, compared to its average volume of 878,151. The firm’s 50-day simple moving average is $130.53 and its 200 day simple moving average is $137.24. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week 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. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71.

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 issued a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio is 60.59%.

Analysts Set New Price Targets

A number of research firms have weighed in on AWK. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group started coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Bank of America restated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, 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 note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $141.00.

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.