American Water Works Company, Inc. (NYSE:AWK) Shares Sold by McDonough Capital Management Inc

McDonough Capital Management Inc decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,878 shares of the utilities provider’s stock after selling 989 shares during the period. American Water Works makes up approximately 0.6% of McDonough Capital Management Inc’s investment portfolio, making the stock its 26th largest holding. McDonough Capital Management Inc’s holdings in American Water Works were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. First Citizens Bank & Trust Co. grew its holdings in shares of American Water Works by 5.3% in the 1st quarter. First Citizens Bank & Trust Co. now owns 3,321 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 167 shares during the period. PFW Advisors LLC grew its holdings in shares of American Water Works by 0.9% in the 1st quarter. PFW Advisors LLC now owns 14,454 shares of the utilities provider’s stock worth $2,132,000 after acquiring an additional 128 shares during the period. Miracle Mile Advisors LLC grew its holdings in American Water Works by 5.4% during the 1st quarter. Miracle Mile Advisors LLC now owns 11,154 shares of the utilities provider’s stock valued at $1,645,000 after buying an additional 572 shares during the last quarter. Perennial Advisors LLC grew its holdings in American Water Works by 7.3% during the 1st quarter. Perennial Advisors LLC now owns 44,784 shares of the utilities provider’s stock valued at $6,607,000 after buying an additional 3,065 shares during the last quarter. Finally, Clean Yield Group grew its holdings in American Water Works by 1.6% during the 1st quarter. Clean Yield Group now owns 65,023 shares of the utilities provider’s stock valued at $9,592,000 after buying an additional 993 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity

In related news, CAO Melissa K. Wikle sold 2,825 shares of the business’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 sale, the chief accounting officer now owns 7,572 shares of the company’s stock, valued at $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AWK shares. UBS Group cut American Water Works from a “strong-buy” rating to a “hold” rating in a report on Friday, April 25th. Wells Fargo & Company increased their target price 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. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Evercore ISI increased their target price 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. Finally, Barclays assumed coverage on American Water Works in a report on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.22.

American Water Works Stock Up 0.0%

NYSE:AWK opened at $140.04 on Monday. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.80 and a beta of 0.71. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The stock has a 50-day simple moving average of $143.96 and a 200 day simple moving average of $135.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS 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. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Tuesday, May 13th. This is a boost from American Water Works’s previous quarterly dividend of $0.77. American Water Works’s payout ratio is 60.29%.

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.