Sanibel Captiva Trust Company Inc. Makes New $662,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

Sanibel Captiva Trust Company Inc. purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,125 shares of the utilities provider's stock, valued at approximately $662,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cidel Asset Management Inc. boosted its position in American Water Works by 3.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 19,867 shares of the utilities provider's stock valued at $2,566,000 after buying an additional 652 shares during the period. Neo Ivy Capital Management purchased a new stake in American Water Works during the 2nd quarter valued at $802,000. First Horizon Advisors Inc. boosted its position in American Water Works by 8.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,553 shares of the utilities provider's stock valued at $201,000 after buying an additional 118 shares during the period. Continuum Advisory LLC boosted its position in American Water Works by 2.2% during the 2nd quarter. Continuum Advisory LLC now owns 6,636 shares of the utilities provider's stock valued at $857,000 after buying an additional 140 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of American Water Works by 7.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,437 shares of the utilities provider's stock worth $3,802,000 after purchasing an additional 1,965 shares during the period. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. Wells Fargo & Company cut shares of American Water Works from an "equal weight" rating to an "underweight" rating and raised their target price for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.17.

American Water Works Stock Down 0.2 %

NYSE:AWK traded down $0.29 during mid-day trading on Tuesday, hitting $141.28. 520,577 shares of the company's stock were exchanged, compared to its average volume of 1,264,359. The company has a market cap of $27.52 billion, a PE ratio of 28.66, a P/E/G ratio of 3.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.79. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $149.00. The business has a fifty day moving average price of $136.64 and a 200 day moving average price of $127.97.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business earned $1.44 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that American Water Works Company, Inc. will post 5.25 EPS for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be issued a $0.765 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.17%. American Water Works's payout ratio is currently 62.07%.

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.