Northcape Wealth Management LLC Has $2.09 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Northcape Wealth Management LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 38.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,143 shares of the utilities provider's stock after buying an additional 3,916 shares during the quarter. Northcape Wealth Management LLC's holdings in American Water Works were worth $2,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AWK. Providence First Trust Co acquired a new stake in American Water Works in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works in the 4th quarter worth about $28,000. Capital A Wealth Management LLC bought a new position in American Water Works in the fourth quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its stake in shares of American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of American Water Works during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of 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 shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Evercore ISI raised their target price on American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Barclays started 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, UBS Group lowered American Water Works from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus target price of $143.22.

American Water Works Trading Up 2.5%

American Water Works stock traded up $3.53 during trading hours on Tuesday, reaching $142.64. 1,397,705 shares of the company's stock were exchanged, compared to its average volume of 1,229,887. The firm's 50 day simple moving average is $142.37 and its 200 day simple moving average is $136.48. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $27.82 billion, a PE ratio of 25.98, 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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. American Water Works had a net margin of 22.24% and a return on equity of 10.35%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, May 13th. 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 2.32%. American Water Works's dividend payout ratio is currently 60.29%.

Insider Transactions 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 value of $404,766.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.