SVB Wealth LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

SVB Wealth LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,589 shares of the utilities provider’s stock, valued at approximately $447,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of American Water Works by 41.4% in the third quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 446 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in American Water Works by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock valued at $15,024,000 after buying an additional 2,366 shares in the last quarter. Van ECK Associates Corp raised its holdings in American Water Works by 4.4% during the 3rd quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after acquiring an additional 2,269 shares during the period. Asset Management One Co. Ltd. raised its holdings in American Water Works by 17.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock valued at $17,981,000 after acquiring an additional 18,143 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of American Water Works by 9.8% in the third quarter. QRG Capital Management Inc. now owns 6,768 shares of the utilities provider’s stock valued at $990,000 after purchasing an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 0.0 %

Shares of NYSE AWK opened at $139.51 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average of $126.36 and a 200-day moving average of $134.35. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.80 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.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th were given a dividend of $0.765 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a yield of 2.19%. American Water Works’s payout ratio is 56.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AWK. JPMorgan Chase & Co. dropped their price objective 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. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their price objective on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.57.

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.