Jmac Enterprises LLC Makes New $498,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Jmac Enterprises LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,000 shares of the utilities provider’s stock, valued at approximately $498,000.

Other hedge funds have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in American Water Works in the 4th quarter worth $26,000. Catalyst Capital Advisors LLC grew its stake in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after buying an additional 182 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of American Water Works in the fourth quarter worth about $48,000. Rosenberg Matthew Hamilton lifted its stake in shares of American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in American Water Works during the 3rd quarter valued at about $51,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 1.7 %

Shares of American Water Works stock opened at $125.17 on Wednesday. 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 Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a market cap of $24.39 billion, a P/E ratio of 24.79, a PEG ratio of 2.62 and a beta of 0.72. The company’s fifty day simple moving average is $125.67 and its two-hundred day simple moving average is $135.66.

American Water Works Dividend Announcement

The business 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 $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, February 7th. American Water Works’s payout ratio is currently 60.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $139.38.

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.