1,300 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Alpine Bank Wealth Management

Alpine Bank Wealth Management bought a new position in American Water Works Company, Inc. (NYSE:AWK) during the 1st quarter, Holdings Channel reports. The fund bought 1,300 shares of the utilities provider’s stock, valued at approximately $192,000.

Several other institutional investors have also recently bought and sold shares of AWK. Summit Financial LLC raised its position in American Water Works by 1.1% in the 4th quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider’s stock worth $1,051,000 after purchasing an additional 92 shares during the last quarter. Glenview Trust co increased its holdings in American Water Works by 1.9% in the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock valued at $621,000 after purchasing an additional 93 shares during the last quarter. Parallel Advisors LLC raised its position in shares of American Water Works by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,241 shares of the utilities provider’s stock valued at $528,000 after acquiring an additional 98 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 103 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its stake in American Water Works by 2.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,112 shares of the utilities provider’s stock worth $512,000 after buying an additional 109 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE:AWK opened at $140.12 on Thursday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a market cap of $27.32 billion, a P/E ratio of 25.52, a P/E/G ratio of 3.37 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.44 and a current ratio of 0.49. The stock’s 50-day simple moving average is $143.08 and its 200 day simple moving average is $136.19.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side 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 given a dividend of $0.8275 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, May 13th. American Water Works’s dividend payout ratio is 60.29%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction 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 completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.