Buck Wealth Strategies LLC Has $5.04 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Buck Wealth Strategies LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,178 shares of the utilities provider's stock after acquiring an additional 3,119 shares during the period. Buck Wealth Strategies LLC's holdings in American Water Works were worth $5,042,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in American Water Works by 3.3% in the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider's stock valued at $8,123,000 after buying an additional 2,113 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after buying an additional 2,570 shares during the period. Farther Finance Advisors LLC raised its holdings in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after buying an additional 724 shares during the period. Bryn Mawr Capital Management LLC purchased a new position in American Water Works in the fourth quarter valued at approximately $373,000. Finally, Orion Portfolio Solutions LLC raised its holdings in American Water Works by 9.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,235 shares of the utilities provider's stock valued at $776,000 after buying an additional 557 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Stock Up 2.0%

Shares of NYSE:AWK traded up $2.77 during midday trading on Monday, reaching $144.02. The company had a trading volume of 861,578 shares, compared to its average volume of 1,220,477. 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 fifty day moving average price is $143.39 and its 200-day moving average price is $136.03. The stock has a market capitalization of $28.09 billion, a P/E ratio of 26.23, a PEG ratio of 3.34 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

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 analysts' consensus estimates of $1.06 by ($0.01). American Water Works had a return on equity of 10.35% and a net margin of 22.24%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.95 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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 paid a dividend of $0.8275 per share. This is a boost from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, May 13th. American Water Works's payout ratio is currently 60.29%.

Wall Street Analyst Weigh In

AWK has been the topic of several research reports. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Barclays started coverage on shares of American Water Works in a research note on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 price objective 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. Finally, Evercore ISI lifted 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 note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $143.22.

Insider Activity at American Water Works

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

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.