Concurrent Investment Advisors LLC Has $2.89 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Concurrent Investment Advisors LLC grew its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 45.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,584 shares of the utilities provider's stock after purchasing an additional 6,077 shares during the period. Concurrent Investment Advisors LLC's holdings in American Water Works were worth $2,889,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AWK. Assetmark Inc. increased its holdings in shares of American Water Works by 133.0% in the fourth quarter. Assetmark Inc. now owns 862 shares of the utilities provider's stock valued at $107,000 after purchasing an additional 492 shares in the last quarter. Atria Investments Inc raised its position in shares of American Water Works by 1.6% during the fourth quarter. Atria Investments Inc now owns 26,599 shares of the utilities provider's stock worth $3,311,000 after acquiring an additional 414 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of American Water Works during the fourth quarter valued at $11,136,000. Raymond James Financial Inc. acquired a new position in shares of American Water Works during the fourth quarter valued at $71,120,000. Finally, Callan Family Office LLC bought a new position in American Water Works in the fourth quarter valued at about $419,000. Institutional investors own 86.58% of the company's stock.

Insider Transactions at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the 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 transaction, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. This represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company's stock.

American Water Works Stock Down 0.1%

NYSE AWK traded down $0.15 on Monday, reaching $139.90. The company had a trading volume of 888,330 shares, compared to its average volume of 1,233,870. The company's fifty day moving average is $142.03 and its 200-day moving average is $136.83. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.32 and a beta of 0.69. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.44 and a current ratio of 0.49. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. On average, research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.37%. This is an increase from American Water Works's previous quarterly dividend of $0.77. American Water Works's dividend payout ratio (DPR) is 60.29%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group downgraded shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Evercore ISI raised 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. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Barclays started coverage on American Water Works in a research note on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on American Water Works from $142.00 to $147.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $143.22.

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.