Bangor Savings Bank Trims Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Bangor Savings Bank trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 1.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,014 shares of the utilities provider’s stock after selling 142 shares during the period. Bangor Savings Bank’s holdings in American Water Works were worth $1,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Providence First Trust Co purchased a new stake in shares of American Water Works in the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works in the fourth quarter worth $28,000. Capital A Wealth Management LLC purchased a new stake in shares of American Water Works in the fourth quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in shares of American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of American Water Works in the fourth quarter worth $46,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AWK. Barclays began coverage on American Water Works in a report on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price target on the stock. Wall Street Zen downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. UBS Group downgraded American Water Works from a “strong-buy” rating to a “hold” rating in a report on Friday, April 25th. Wells Fargo & Company upped their price target on American Water Works from $142.00 to $147.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Finally, Evercore ISI upped their price target on American Water Works from $139.00 to $148.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.22.

American Water Works Stock Performance

NYSE:AWK opened at $140.04 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The stock has a 50-day moving average price of $143.96 and a 200 day moving average price of $135.70. The stock has a market capitalization of $27.31 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.80 and a beta of 0.71.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.36%. The ex-dividend date was Tuesday, May 13th. This is a boost 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 at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 7,572 shares in the company, valued at $1,084,916.16. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by company 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.