Rhumbline Advisers Has $60.20 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Rhumbline Advisers raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,105 shares of the utilities provider's stock after purchasing an additional 24,402 shares during the period. Rhumbline Advisers owned 0.21% of American Water Works worth $60,204,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Providence First Trust Co acquired a new position in shares of American Water Works during the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter worth $28,000. Capital A Wealth Management LLC bought a new stake in American Water Works in the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC grew its position 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 worth $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of American Water Works during the 4th quarter worth about $46,000. 86.58% of the stock is owned by institutional investors.

Insider Activity at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $143.28, for a total value of $404,766.00. Following the transaction, the chief accounting officer now owns 7,572 shares in the company, valued at $1,084,916.16. This trade represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

American Water Works Price Performance

Shares of AWK traded up $1.00 on Thursday, hitting $139.84. The company's stock had a trading volume of 793,510 shares, compared to its average volume of 1,220,534. The company has a market capitalization of $27.27 billion, a PE ratio of 25.94, a PEG ratio of 2.80 and a beta of 0.71. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a 50 day moving average price of $144.25 and a 200 day moving average price of $135.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.95 EPS. American Water Works's revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders 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 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, May 13th. American Water Works's dividend payout ratio is 60.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on 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. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a 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 stock an "in-line" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Barclays initiated 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 target for the company. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $143.22.

American Water Works 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.