Concurrent Investment Advisors LLC Purchases 6,077 Shares of American Water Works Company, Inc. (NYSE:AWK)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of 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 valued at $3,125,598,000 after purchasing an additional 217,582 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Water Works by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock valued at $579,981,000 after buying an additional 106,857 shares in the last quarter. Northern Trust Corp raised its holdings in American Water Works by 11.1% during the fourth quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock valued at $418,003,000 after buying an additional 335,683 shares in the last quarter. Invesco Ltd. boosted its stake in shares of American Water Works by 15.2% during the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider's stock worth $391,205,000 after acquiring an additional 414,568 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 747,316 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the firm'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 transaction, the chief accounting officer directly owned 7,572 shares of the company's stock, valued at approximately $1,084,916.16. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

American Water Works Stock Performance

NYSE:AWK opened at $139.91 on Monday. The firm's 50-day moving average is $142.03 and its 200-day moving average is $136.83. The company has a market cap of $27.28 billion, a price-to-earnings ratio of 25.48, a PEG 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 52-week low of $118.74 and a 52-week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results 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 firm 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 company's revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Tuesday, May 13th were paid 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 2.37%. This is an increase from American Water Works's previous quarterly dividend of $0.77. American Water Works's payout ratio is currently 60.29%.

Analyst Ratings Changes

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

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