American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 38.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,272 shares of the utilities provider’s stock after selling 1,401 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in American Water Works were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AWK. MV Capital Management Inc. raised its position in shares of American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after buying an additional 103 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of American Water Works in the 4th quarter valued at $26,000. ORG Partners LLC increased its position in shares of American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Quarry LP acquired a new position in American Water Works in the fourth quarter valued at about $34,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price of $141.33.

American Water Works Stock Up 1.2 %

Shares of NYSE:AWK traded up $1.49 during trading on Tuesday, hitting $130.21. 441,280 shares of the company were exchanged, compared to its average volume of 1,401,640. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The firm’s 50 day moving average price is $126.73 and its 200-day moving average price is $125.66. The stock has a market capitalization of $25.37 billion, a P/E ratio of 26.11, a PEG ratio of 3.08 and a beta of 0.67. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th were issued a $0.765 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, May 13th. American Water Works’s dividend payout ratio is presently 62.07%.

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.