Canandaigua National Corp Decreases Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Canandaigua National Corp cut its stake in American Water Works Company, Inc. (NYSE:AWKGet Rating) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,345 shares of the utilities provider’s stock after selling 109 shares during the period. Canandaigua National Corp’s holdings in American Water Works were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AWK. First PREMIER Bank purchased a new position in American Water Works in the 1st quarter valued at $25,000. Quent Capital LLC acquired a new position in American Water Works during the fourth quarter worth $32,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in American Water Works in the first quarter valued at $33,000. Compagnie Lombard Odier SCmA lifted its position in shares of American Water Works by 107.7% in the first quarter. Compagnie Lombard Odier SCmA now owns 270 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 140 shares in the last quarter. Finally, City State Bank purchased a new position in American Water Works during the fourth quarter worth about $48,000. 83.50% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

American Water Works stock opened at $148.55 on Tuesday. The firm has a market capitalization of $27.00 billion, a P/E ratio of 20.78, a PEG ratio of 4.13 and a beta of 0.44. American Water Works Company, Inc. has a one year low of $129.45 and a one year high of $189.65. The business has a fifty day moving average price of $152.62 and a 200-day moving average price of $153.22. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.59 and a quick ratio of 0.54.

American Water Works (NYSE:AWKGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The utilities provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. American Water Works had a return on equity of 11.06% and a net margin of 33.99%. The firm had revenue of $937.00 million for the quarter, compared to the consensus estimate of $979.52 million. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 4.45 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 9th were paid a $0.655 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $2.62 annualized dividend and a dividend yield of 1.76%. American Water Works’s dividend payout ratio (DPR) is 36.64%.

Analysts Set New Price Targets

AWK has been the subject of several research reports. Barclays decreased their target price on American Water Works from $172.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. UBS Group lifted their price objective on American Water Works from $149.00 to $159.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. HSBC lowered their price target on American Water Works to $172.00 in a research note on Monday, August 15th. Janney Montgomery Scott raised American Water Works from a “neutral” rating to a “buy” rating in a report on Friday, June 24th. Finally, Northcoast Research started coverage on American Water Works in a research note on Monday, July 18th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $165.71.

American Water Works Profile

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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 3.4 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.

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

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