Schrum Private Wealth Management LLC Has $1.98 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Schrum Private Wealth Management LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,435 shares of the utilities provider’s stock after selling 210 shares during the quarter. American Water Works makes up about 1.7% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Schrum Private Wealth Management LLC’s holdings in American Water Works were worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Life Insurance Co. increased its holdings in American Water Works by 1.5% in the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 70 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of American Water Works by 4.8% in the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 74 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of American Water Works by 1.4% in the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock worth $908,000 after acquiring an additional 85 shares in the last quarter. Summit Financial LLC increased its holdings in shares of American Water Works by 1.1% in the fourth quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider’s stock worth $1,051,000 after acquiring an additional 92 shares in the last quarter. Finally, Glenview Trust co increased its holdings in shares of American Water Works by 1.9% in the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 0.8%

NYSE AWK opened at $143.36 on Tuesday. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.37 and a beta of 0.69. The stock’s 50-day simple moving average is $141.47 and its two-hundred day simple moving average is $137.50. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.26. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

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

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a $0.8275 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $3.31 annualized dividend and a yield of 2.31%. This is a positive change from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s dividend payout ratio (DPR) is currently 60.29%.

Insider Buying and Selling

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the sale, the chief accounting officer owned 7,572 shares in the company, valued at $1,084,916.16. This represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AWK. Evercore ISI increased their price target on American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on 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. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Barclays lowered their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $156.00 price target (up previously from $154.00) on shares of American Water Works in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price of $141.67.

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.