Neville Rodie & Shaw Inc. Has $221,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Neville Rodie & Shaw Inc. cut its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 42.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the utilities provider’s stock after selling 1,100 shares during the period. Neville Rodie & Shaw Inc.’s holdings in American Water Works were worth $221,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in American Water Works during the fourth quarter worth $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works in the fourth quarter valued at about $28,000. Capital A Wealth Management LLC acquired a new position in American Water Works in the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC raised its position in American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

American Water Works stock opened at $141.43 on Friday. The business’s fifty day moving average is $144.33 and its two-hundred day moving average is $135.45. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The firm has a market cap of $27.58 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.80 and a beta of 0.73. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK) 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). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. American Water Works’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 posted $0.95 earnings per share. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.8275 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, May 13th. American Water Works’s payout ratio is currently 60.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AWK. Wells Fargo & Company lifted their price objective 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. Wall Street Zen lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Barclays began coverage on American Water Works in a research note on Tuesday, April 22nd. They set an “underweight” rating and a $138.00 price objective for the company. UBS Group downgraded shares of American Water Works from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Evercore ISI upped their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $143.22.

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.