Barrett Asset Management LLC acquired a new position in American Water Works Company Inc (NYSE:AWK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 243 shares of the utilities provider’s stock, valued at approximately $25,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in American Water Works in the fourth quarter worth about $28,000. Citizens Financial Group Inc RI purchased a new stake in American Water Works in the first quarter worth about $30,000. Ruggie Capital Group purchased a new stake in American Water Works in the fourth quarter worth about $31,000. Capital Financial Planning LLC purchased a new stake in American Water Works in the fourth quarter worth about $31,000. Finally, Financial Gravity Companies Inc. purchased a new stake in American Water Works in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

In other news, SVP Loyd A. Warnock sold 9,502 shares of American Water Works stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the completion of the transaction, the senior vice president now directly owns 18,314 shares in the company, valued at $2,033,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan N. Story sold 28,457 shares of American Water Works stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $113.84, for a total transaction of $3,239,544.88. The disclosure for this sale can be found here. Insiders have sold 63,184 shares of company stock valued at $7,096,936 over the last quarter. Company insiders own 0.36% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott restated a “buy” rating and issued a $102.00 price objective on shares of American Water Works in a report on Thursday, February 21st. Bank of America raised their price objective on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Finally, Wells Fargo & Co lifted their target price on shares of American Water Works from $101.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $109.67.

AWK stock opened at $114.06 on Tuesday. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $114.50. The company has a market cap of $20.40 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 3.89 and a beta of 0.19. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 1.28.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $792.73 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. American Water Works’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts predict that American Water Works Company Inc will post 3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 10th. American Water Works’s dividend payout ratio (DPR) is presently 60.61%.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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