Private Wealth Partners LLC Reduces Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Private Wealth Partners LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,860 shares of the utilities provider's stock after selling 5,495 shares during the period. Private Wealth Partners LLC's holdings in American Water Works were worth $1,455,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the sale, the chief accounting officer now owns 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 through the SEC website. Corporate insiders own 0.11% of the company's stock.

American Water Works Stock Up 0.0%

AWK stock opened at $140.93 on Friday. The company's 50 day moving average is $143.49 and its 200 day moving average is $135.92. The stock has a market cap of $27.48 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 3.34 and a beta of 0.71. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.26. 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 released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. American Water Works had a return on equity of 10.35% and a net margin of 22.24%. American Water Works's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were given 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 2.35%. American Water Works's dividend payout ratio (DPR) is presently 60.29%.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of recent analyst reports. 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 shares of American Water Works in a research report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective for the company. Wells Fargo & Company boosted 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. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Evercore ISI increased their target price on shares of 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. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.22.

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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