American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,177,854 shares of the utilities provider's stock after purchasing an additional 24,642 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of American Water Works worth $173,757,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cloud Capital Management LLC acquired a new position in American Water Works during the first quarter worth $29,000. Capital A Wealth Management LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at $33,000. Banque Transatlantique SA acquired a new position in American Water Works during the 4th quarter worth about $46,000. Wayfinding Financial LLC purchased a new position in American Water Works during the 1st quarter valued at about $48,000. Finally, Colonial Trust Co SC boosted its holdings in American Water Works by 78.3% during the 4th quarter. Colonial Trust Co SC now owns 410 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Trading Up 0.6%

NYSE:AWK opened at $145.29 on Monday. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The stock has a market cap of $28.35 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.27 and a beta of 0.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a 50-day simple moving average of $141.41 and a 200-day simple moving average of $139.99.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $1.42 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Insider Buying and Selling

In related news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the sale, the chief accounting officer directly owned 7,572 shares of the company's stock, valued at $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. 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. Wells Fargo & Company reduced their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Barclays decreased their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Evercore ISI lifted their target price on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has an average rating of "Hold" and an average price target of $142.00.

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.

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