Colony Group LLC reduced its stake in American Water Works Company Inc (NYSE:AWK) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,137 shares of the utilities provider’s stock after selling 613 shares during the period. Colony Group LLC’s holdings in American Water Works were worth $2,597,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Wealth Quarterback LLC bought a new position in shares of American Water Works during the fourth quarter valued at approximately $3,042,010,000. AXA boosted its position in shares of American Water Works by 2.6% in the 4th quarter. AXA now owns 267,778 shares of the utilities provider’s stock worth $32,896,000 after purchasing an additional 6,858 shares in the last quarter. Covington Capital Management grew its stake in shares of American Water Works by 1.0% in the 4th quarter. Covington Capital Management now owns 52,300 shares of the utilities provider’s stock worth $6,425,000 after buying an additional 540 shares during the last quarter. BSW Wealth Partners purchased a new stake in shares of American Water Works in the 4th quarter worth approximately $239,000. Finally, Man Group plc grew its stake in shares of American Water Works by 15.0% in the 4th quarter. Man Group plc now owns 172,316 shares of the utilities provider’s stock worth $21,169,000 after buying an additional 22,419 shares during the last quarter. 85.89% of the stock is owned by institutional investors.
A number of brokerages have issued reports on AWK. JPMorgan Chase & Co. lifted their price objective on American Water Works from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Bank of America reaffirmed an “underperform” rating and issued a $128.00 price target on shares of American Water Works in a research report on Wednesday, February 19th. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $126.00 price target on the stock. in a research note on Monday, December 16th. Wells Fargo & Co upped their price target on shares of American Water Works from $128.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Finally, UBS Group dropped their price target on shares of American Water Works from $148.00 to $127.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $135.57.
Shares of American Water Works stock opened at $110.45 on Thursday. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.36 and a beta of 0.22. The firm’s 50-day moving average is $130.33 and its 200 day moving average is $125.09. American Water Works Company Inc has a 1 year low of $92.00 and a 1 year high of $141.70. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.63 and a quick ratio of 0.61.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. The company had revenue of $902.00 million for the quarter, compared to analysts’ expectations of $928.56 million. American Water Works had a net margin of 17.20% and a return on equity of 10.79%. American Water Works’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. On average, equities analysts expect that American Water Works Company Inc will post 3.83 EPS for the current fiscal year.
In related news, SVP Loyd A. Warnock sold 6,200 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $137.74, for a total transaction of $853,988.00. Following the transaction, the senior vice president now owns 10,345 shares in the company, valued at $1,424,920.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Melanie M. Kennedy sold 5,048 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $127.70, for a total transaction of $644,629.60. Following the transaction, the senior vice president now owns 10,537 shares in the company, valued at approximately $1,345,574.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,750 shares of company stock worth $2,806,948. 0.36% of the stock is currently owned by company insiders.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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