McDonough Capital Management Inc Lowers Stock Position in American Water Works Company, Inc. (NYSE:AWK)

McDonough Capital Management Inc reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,867 shares of the utilities provider’s stock after selling 348 shares during the period. American Water Works comprises approximately 0.5% of McDonough Capital Management Inc’s portfolio, making the stock its 26th biggest holding. McDonough Capital Management Inc’s holdings in American Water Works were worth $855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AWK. Farther Finance Advisors LLC grew its holdings in shares of American Water Works by 41.4% in the third quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 446 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in American Water Works by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 102,736 shares of the utilities provider’s stock worth $15,024,000 after acquiring an additional 2,366 shares during the period. Van ECK Associates Corp lifted its position in American Water Works by 4.4% during the third quarter. Van ECK Associates Corp now owns 54,021 shares of the utilities provider’s stock valued at $7,677,000 after buying an additional 2,269 shares during the period. Asset Management One Co. Ltd. lifted its position in American Water Works by 17.3% during the third quarter. Asset Management One Co. Ltd. now owns 122,958 shares of the utilities provider’s stock valued at $17,981,000 after buying an additional 18,143 shares during the period. Finally, QRG Capital Management Inc. lifted its position in American Water Works by 9.8% during the third quarter. QRG Capital Management Inc. now owns 6,768 shares of the utilities provider’s stock valued at $990,000 after buying an additional 603 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 1.0 %

American Water Works stock opened at $137.83 on Thursday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.80 and a beta of 0.69. The firm has a 50 day moving average of $126.60 and a 200 day moving average of $134.37.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th were given a dividend of $0.765 per share. The ex-dividend date was Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. American Water Works’s dividend payout ratio is currently 56.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AWK shares. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.57.

About American Water Works

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.