Saxony Capital Management LLC Sells 1,799 Shares of American Water Works Company, Inc. (NYSE:AWK)

Saxony Capital Management LLC decreased its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,277 shares of the utilities provider's stock after selling 1,799 shares during the period. Saxony Capital Management LLC's holdings in American Water Works were worth $926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Wealth Enhancement Advisory Services LLC raised its position in shares of American Water Works by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after acquiring an additional 2,570 shares during the last quarter. M&T Bank Corp increased its holdings in American Water Works by 3.3% in the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider's stock valued at $8,123,000 after purchasing an additional 2,113 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after buying an additional 724 shares during the period. Bryn Mawr Capital Management LLC bought a new position in American Water Works during the fourth quarter worth about $373,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of American Water Works by 9.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 6,235 shares of the utilities provider's stock worth $776,000 after buying an additional 557 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Water Works

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

Analyst Ratings Changes

A number of brokerages recently weighed in on AWK. Barclays initiated 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 target on the stock. UBS Group downgraded shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Evercore ISI boosted their price target on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company upped 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 report on Friday, May 2nd. Four equities research 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's stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and a consensus target price of $143.22.

American Water Works Stock Down 1.2%

AWK traded down $1.62 during trading on Thursday, reaching $138.43. The company had a trading volume of 929,893 shares, compared to its average volume of 1,223,370. The company has a market cap of $26.99 billion, a P/E ratio of 25.21, a PEG ratio of 3.37 and a beta of 0.71. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.49 and a quick ratio of 0.44. The business's fifty day moving average price is $143.08 and its 200 day moving average price is $136.19.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.14 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were given 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 2.39%. The ex-dividend date was Tuesday, May 13th. American Water Works's dividend payout ratio is currently 60.29%.

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.