Mattern Capital Management LLC Lowers Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Mattern Capital Management LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,692 shares of the utilities provider's stock after selling 2,216 shares during the quarter. Mattern Capital Management LLC's holdings in American Water Works were worth $8,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AWK. Providence First Trust Co purchased a new position in shares of American Water Works during the fourth quarter worth about $27,000. Whipplewood Advisors LLC purchased a new position in shares of American Water Works during the fourth quarter worth about $28,000. Capital A Wealth Management LLC purchased a new stake in American Water Works in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in American Water Works in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insiders Place Their Bets

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $143.28, for a total transaction of $404,766.00. Following the transaction, the chief accounting officer now owns 7,572 shares of the company's stock, valued at $1,084,916.16. This represents a 27.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Barclays assumed coverage on American Water Works in a report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective on the stock. Evercore ISI boosted their price target on American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. UBS Group lowered American Water Works from a "strong-buy" rating to a "hold" rating in a research note 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 stock an "equal weight" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $143.22.

American Water Works Price Performance

Shares of NYSE:AWK opened at $142.19 on Wednesday. The business's 50 day simple moving average is $143.20 and its 200-day simple moving average is $136.16. The firm has a market capitalization of $27.73 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.41 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.49 and a quick ratio of 0.44. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). American Water Works had a net margin of 22.24% and a return on equity of 10.35%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company posted $0.95 EPS. American Water Works's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid 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 2.33%. This is a positive change from American Water Works's previous quarterly dividend of $0.77. American Water Works's dividend payout ratio is presently 60.29%.

American Water Works Company 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.

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