Segment Wealth Management LLC Makes New $274,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Segment Wealth Management LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,858 shares of the utilities provider's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. lifted its position in shares of American Water Works by 6.5% during the fourth quarter. Principal Securities Inc. now owns 6,072 shares of the utilities provider's stock worth $756,000 after acquiring an additional 370 shares in the last quarter. Allworth Financial LP lifted its holdings in American Water Works by 5.5% during the 4th quarter. Allworth Financial LP now owns 3,185 shares of the utilities provider's stock worth $388,000 after purchasing an additional 165 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in American Water Works by 3.7% during the 4th quarter. CIBC Asset Management Inc now owns 31,054 shares of the utilities provider's stock worth $3,866,000 after purchasing an additional 1,111 shares in the last quarter. D.A. Davidson & CO. boosted its stake in American Water Works by 10.0% in the 4th quarter. D.A. Davidson & CO. now owns 20,145 shares of the utilities provider's stock worth $2,508,000 after purchasing an additional 1,836 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in American Water Works by 12.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 15,983 shares of the utilities provider's stock valued at $1,990,000 after buying an additional 1,766 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 0.0%

Shares of AWK stock opened at $141.14 on Friday. The business has a 50-day moving average price of $143.39 and a two-hundred day moving average price of $135.97. 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 quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.26. The firm has a market cap of $27.52 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 3.34 and a beta of 0.71.

American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). American Water Works had a return on equity of 10.35% and a net margin of 22.24%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, May 13th. This is a boost from American Water Works's previous quarterly dividend of $0.77. American Water Works's dividend payout ratio (DPR) is presently 60.29%.

Insiders Place Their Bets

In other news, CAO Melissa K. Wikle sold 2,825 shares of the business'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 completion of the sale, the chief accounting officer now owns 7,572 shares of the company's stock, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AWK. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Wells Fargo & Company raised their price target on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Barclays began coverage on shares of American Water Works in a report on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price target on the stock. UBS Group cut American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Evercore ISI raised their price target on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and a consensus price target 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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