Rehmann Capital Advisory Group Acquires Shares of 1,422 American Water Works Company, Inc. (NYSE:AWK)

Rehmann Capital Advisory Group bought a new stake in American Water Works Company, Inc. (NYSE:AWK – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,422 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC raised its holdings in shares of American Water Works by 3.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 1,829 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 69 shares during the last quarter. StrongBox Wealth LLC increased its holdings in American Water Works by 3.8% during the fourth quarter. StrongBox Wealth LLC now owns 1,918 shares of the utilities provider’s stock worth $292,000 after buying an additional 70 shares during the last quarter. Kovack Advisors Inc. increased its holdings in American Water Works by 3.9% during the third quarter. Kovack Advisors Inc. now owns 1,915 shares of the utilities provider’s stock worth $249,000 after buying an additional 71 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in American Water Works by 11.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the utilities provider’s stock worth $110,000 after buying an additional 75 shares during the last quarter. Finally, Aries Wealth Management increased its holdings in American Water Works by 3.8% during the fourth quarter. Aries Wealth Management now owns 2,054 shares of the utilities provider’s stock worth $313,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 83.06% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Marberry purchased 1,400 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $142.35 per share, with a total value of $199,290.00. Following the purchase, the director now directly owns 3,673 shares in the company, valued at $522,851.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AWK shares. Bank of America raised their price objective on shares of American Water Works from $134.00 to $140.00 in a report on Monday, April 24th. StockNews.com began coverage on shares of American Water Works in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of American Water Works in a research note on Tuesday, March 7th. Finally, TheStreet downgraded shares of American Water Works from a “b” rating to a “c+” rating in a research note on Wednesday, February 15th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.00.

American Water Works Price Performance

AWK stock opened at $142.45 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.71 and a quick ratio of 0.65. American Water Works Company, Inc. has a one year low of $122.77 and a one year high of $162.59. The stock has a market cap of $27.73 billion, a PE ratio of 31.31, a P/E/G ratio of 3.65 and a beta of 0.57. The firm has a 50 day simple moving average of $146.60 and a two-hundred day simple moving average of $148.92.

American Water Works (NYSE:AWK – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). American Water Works had a return on equity of 10.22% and a net margin of 21.40%. The company had revenue of $938.00 million during the quarter, compared to analysts’ expectations of $903.84 million. During the same period in the prior year, the firm earned $0.87 EPS. American Water Works’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that American Water Works Company, Inc. will post 4.77 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 9th will be paid a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, May 8th. This is a boost from American Water Works’s previous quarterly dividend of $0.66. American Water Works’s payout ratio is currently 62.20%.

American Water Works Company Profile

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American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.