Redhawk Wealth Advisors Inc. Makes New Investment in American Water Works Company, Inc. (NYSE:AWK)

Redhawk Wealth Advisors Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,087 shares of the utilities provider's stock, valued at approximately $898,000.

Several other institutional investors have also modified their holdings of AWK. Vanguard Group Inc. boosted its position in American Water Works by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock worth $3,125,598,000 after purchasing an additional 217,582 shares during the period. Geode Capital Management LLC boosted its stake in American Water Works by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock worth $579,981,000 after purchasing an additional 106,857 shares during the period. Amundi raised its holdings in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock valued at $553,687,000 after purchasing an additional 477,411 shares in the last quarter. Northern Trust Corp raised its holdings in American Water Works by 11.1% in the 4th quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock worth $418,003,000 after acquiring an additional 335,683 shares during the period. Finally, Victory Capital Management Inc. grew its position in American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insider Transactions at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the sale, the chief accounting officer now directly owns 7,572 shares in the company, valued at $1,084,916.16. This represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AWK. Evercore ISI boosted their price target on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Barclays initiated coverage on shares of American Water Works in a research report on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $143.22.

American Water Works Trading Up 0.5%

NYSE:AWK traded up $0.70 on Thursday, reaching $141.31. 709,613 shares of the company's stock were exchanged, compared to its average volume of 1,218,367. The business has a fifty day moving average of $143.47 and a 200-day moving average of $135.77. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 2.80 and a beta of 0.71.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The company's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a dividend of $0.8275 per share. The ex-dividend date was Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.34%. This is a positive change from American Water Works's previous quarterly dividend of $0.77. American Water Works's payout ratio is currently 60.29%.

About American Water Works

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.