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

Canandaigua National Bank & Trust Co. increased its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 384.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,844 shares of the utilities provider's stock after purchasing an additional 9,399 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in American Water Works were worth $1,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. Providence First Trust Co acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $28,000. Capital A Wealth Management LLC purchased a new position in shares of American Water Works during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its stake in shares of American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of American Water Works during the 4th quarter worth approximately $46,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AWK. Evercore ISI upped their price target on American Water Works from $139.00 to $148.00 and gave the stock an "in-line" 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. UBS Group cut American Water Works from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Barclays assumed coverage on American Water Works in a report on Tuesday, April 22nd. They set an "underweight" rating and a $138.00 target price on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $143.22.

Insider Activity

In other news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction dated 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 directly owned 7,572 shares of the company's stock, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.11% of the company's stock.

American Water Works Stock Down 0.9%

NYSE:AWK traded down $1.26 during mid-day trading on Wednesday, hitting $141.31. The company had a trading volume of 525,635 shares, compared to its average volume of 1,227,175. The business has a fifty day simple moving average of $142.37 and a 200-day simple moving average of $136.48. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.26. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.29 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results 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 return on equity of 10.35% and a net margin of 22.24%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from American Water Works's previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Tuesday, May 13th. American Water Works's payout ratio is presently 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.