Chapin Davis Inc. Has $238,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Chapin Davis Inc. grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,612 shares of the utilities provider’s stock after purchasing an additional 175 shares during the quarter. Chapin Davis Inc.’s holdings in American Water Works were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works during the fourth quarter worth approximately $28,000. Capital A Wealth Management LLC acquired a new stake in American Water Works during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Finally, Banque Transatlantique SA bought a new stake in American Water Works in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several recent research reports. Barclays began coverage on American Water Works in a research report on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price objective on the stock. 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 lifted their price objective on shares of American Water Works from $142.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI increased their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Finally, UBS Group downgraded shares of American Water Works from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.22.

American Water Works Price Performance

AWK stock opened at $144.02 on Tuesday. The company’s 50-day moving average price is $143.30 and its two-hundred day moving average price is $136.12. The firm has a market cap of $28.09 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.34 and a beta of 0.71. 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 12 month low of $118.74 and a 12 month high of $155.50.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $0.95 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s payout ratio is 60.29%.

Insider Transactions at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the sale, the chief accounting officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

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.