McDonough Capital Management Inc Sells 348 Shares of American Water Works Company, Inc. (NYSE:AWK)

McDonough Capital Management Inc cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,867 shares of the utilities provider’s stock after selling 348 shares during the period. American Water Works makes up about 0.5% of McDonough Capital Management Inc’s investment portfolio, making the stock its 26th biggest holding. McDonough Capital Management Inc’s holdings in American Water Works were worth $855,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Crews Bank & Trust purchased a new stake in American Water Works in the fourth quarter worth $26,000. Providence First Trust Co purchased a new stake in American Water Works in the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in American Water Works in the fourth quarter worth $28,000. Catalyst Capital Advisors LLC increased its stake in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in American Water Works in the fourth quarter worth $48,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AWK. JPMorgan Chase & Co. reduced their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.57.

American Water Works Stock Performance

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

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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

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.