Mountain Pacific Investment Advisers LLC Has $900,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Mountain Pacific Investment Advisers LLC cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the utilities provider’s stock after selling 400 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in American Water Works were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AWK. Providence First Trust Co acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works during the 4th quarter worth approximately $28,000. Capital A Wealth Management LLC bought a new stake in American Water Works during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its stake in American Water Works by 54.2% during the 4th 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. Finally, Banque Transatlantique SA bought a new stake in American Water Works during the 4th quarter worth approximately $46,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $143.28, for a total value of $404,766.00. Following the sale, the chief accounting officer now directly owns 7,572 shares in the company, valued at $1,084,916.16. This represents a 27.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

American Water Works Trading Down 0.7%

Shares of American Water Works stock opened at $140.42 on Tuesday. The firm has a 50-day moving average of $143.46 and a 200-day moving average of $135.82. The stock has a market cap of $27.38 billion, a PE ratio of 26.05, a PEG ratio of 2.80 and a beta of 0.71. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. As a group, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were 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 dividend yield of 2.36%. The ex-dividend date was Tuesday, May 13th. American Water Works’s payout ratio is 60.29%.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research reports. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. UBS Group cut shares of American Water Works from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 25th. Wells Fargo & Company raised their price target on shares of American Water Works from $142.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI raised their price target on shares of American Water Works from $139.00 to $148.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Finally, Barclays started coverage on shares of American Water Works in a research note on Tuesday, April 22nd. They issued an “underweight” rating and a $138.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $143.22.

American Water Works 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.