Mattern Capital Management LLC Has $7.71 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Mattern Capital Management LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,908 shares of the utilities provider’s stock after purchasing an additional 1,651 shares during the quarter. Mattern Capital Management LLC’s holdings in American Water Works were worth $7,707,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AWK. Victory Capital Management Inc. grew its holdings in American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after buying an additional 1,321,320 shares in the last quarter. Groupama Asset Managment grew its holdings in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after buying an additional 695,474 shares in the last quarter. International Assets Investment Management LLC grew its holdings in American Water Works by 14,944.4% during the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after buying an additional 534,411 shares in the last quarter. Confluence Investment Management LLC grew its holdings in American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after buying an additional 391,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in American Water Works by 631.4% during the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after buying an additional 384,836 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.6 %

AWK stock opened at $128.66 on Friday. 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 company 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 fifty-two week low of $113.34 and a fifty-two week high of $150.68. The stock has a fifty day moving average of $124.91 and a 200-day moving average of $134.87.

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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 9.75% and a net margin of 21.77%. As a group, equities research analysts predict that American Water Works Company, Inc. will post 5.29 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid 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 dividend yield of 2.38%. American Water Works’s payout ratio is 60.59%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AWK. Wells Fargo & Company upped their price target on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three equities research 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. According to data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average price target of $140.57.

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.