Bartlett & CO. Wealth Management LLC Boosts Holdings in American Water Works Company, Inc. (NYSE:AWK)

Bartlett & CO. Wealth Management LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 64.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,002 shares of the utilities provider's stock after purchasing an additional 4,293 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in American Water Works were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in American Water Works in the 4th quarter worth about $294,524,000. 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 period. Bank of America Corp DE raised its stake in American Water Works by 38.4% during the 4th quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock valued at $335,592,000 after buying an additional 747,316 shares during the last quarter. GAMMA Investing LLC increased its position in American Water Works by 20,534.0% during the first quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider's stock valued at $90,770,000 after acquiring an additional 612,324 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in American Water Works in the fourth quarter valued at about $71,120,000. Institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the sale, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

American Water Works Price Performance

Shares of AWK stock traded up $3.52 during mid-day trading on Tuesday, hitting $142.63. The company had a trading volume of 778,030 shares, compared to its average volume of 1,226,464. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.49 and a quick ratio of 0.44. The stock's 50 day moving average price is $142.51 and its 200-day moving average price is $136.43. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a market capitalization of $27.81 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.26 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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. American Water Works had a net margin of 22.24% and a return on equity of 10.35%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a dividend of $0.8275 per share. This is an increase from American Water Works's previous quarterly dividend of $0.77. The ex-dividend date was Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.32%. American Water Works's dividend payout ratio is presently 60.29%.

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.