One Charles Private Wealth Services LLC Has $3.45 Million Position in American Water Works Company, Inc. (NYSE:AWK)

One Charles Private Wealth Services LLC lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,167 shares of the utilities provider’s stock after selling 12,788 shares during the period. American Water Works accounts for 1.8% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 11th largest holding. One Charles Private Wealth Services LLC’s holdings in American Water Works were worth $3,454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AWK. Commonwealth Equity Services LLC boosted its position in American Water Works by 0.7% during the third quarter. Commonwealth Equity Services LLC now owns 96,987 shares of the utilities provider’s stock worth $12,010,000 after purchasing an additional 669 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in American Water Works by 15.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 36,831 shares of the utilities provider’s stock worth $4,561,000 after purchasing an additional 4,909 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in American Water Works by 39.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 43,782 shares of the utilities provider’s stock worth $5,422,000 after purchasing an additional 12,433 shares during the period. Xponance Inc. boosted its position in American Water Works by 4.9% during the third quarter. Xponance Inc. now owns 25,058 shares of the utilities provider’s stock worth $3,103,000 after purchasing an additional 1,167 shares during the period. Finally, Raymond James & Associates boosted its position in American Water Works by 174.2% during the third quarter. Raymond James & Associates now owns 518,596 shares of the utilities provider’s stock worth $64,218,000 after purchasing an additional 329,469 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK traded up $2.80 during mid-day trading on Friday, hitting $128.75. The company’s stock had a trading volume of 1,735,768 shares, compared to its average volume of 1,694,021. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $151.24. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.59 and a current ratio of 0.85. The firm has a market capitalization of $25.08 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.07 and a beta of 0.62. The stock’s 50-day moving average is $119.53 and its two-hundred day moving average is $124.35.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 14th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, May 13th. American Water Works’s dividend payout ratio is presently 57.40%.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AWK. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

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.