Rosenberg Matthew Hamilton Has $50,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Rosenberg Matthew Hamilton boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 29.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400 shares of the utilities provider’s stock after purchasing an additional 90 shares during the period. Rosenberg Matthew Hamilton’s holdings in American Water Works were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Acadian Asset Management LLC acquired a new stake in American Water Works during the 2nd quarter valued at $357,000. Wealthspire Advisors LLC increased its holdings in American Water Works by 26.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,142 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 451 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in American Water Works by 32.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 508,705 shares of the utilities provider’s stock valued at $65,704,000 after purchasing an additional 124,908 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in American Water Works by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,178 shares of the utilities provider’s stock valued at $92,761,000 after purchasing an additional 70,205 shares in the last quarter. Finally, Sargent Investment Group LLC acquired a new stake in American Water Works during the 2nd quarter valued at $349,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Up 0.9 %

Shares of American Water Works stock opened at $123.59 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The business has a fifty day simple moving average of $129.96 and a 200 day simple moving average of $137.13. The stock has a market cap of $24.09 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.48%. American Water Works’s dividend payout ratio is presently 60.59%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a research note on Thursday, September 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $129.00 in a research note on Tuesday, January 7th. Finally, Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.