Moody National Bank Trust Division Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Moody National Bank Trust Division increased its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,502 shares of the utilities provider’s stock after acquiring an additional 111 shares during the period. Moody National Bank Trust Division’s holdings in American Water Works were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. lifted its stake in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of American Water Works in the 4th quarter valued at about $26,000. ORG Partners LLC lifted its stake in shares of American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of American Water Works by 71.9% in the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of American Water Works in the 4th quarter valued at about $34,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 1.4 %

Shares of NYSE:AWK traded up $1.75 during trading on Wednesday, hitting $130.47. The stock had a trading volume of 1,085,222 shares, compared to its average volume of 1,047,888. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.22. The company has a market capitalization of $25.42 billion, a PE ratio of 26.47, a PEG ratio of 3.07 and a beta of 0.67. The firm’s fifty day moving average is $126.91 and its 200 day moving average is $125.64. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.26.

American Water Works (NYSE:AWKGet Free Report) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.74% and a net margin of 22.27%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.35%. This is an increase from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, May 13th. American Water Works’s dividend payout ratio (DPR) is currently 62.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AWK shares. UBS Group upped their price target on American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $141.33.

Get Our Latest Stock Report on AWK

About American Water Works

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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