UMB Bank n.a. Has $4.44 Million Position in American Water Works Company, Inc. (NYSE:AWK)

UMB Bank n.a. cut its position in American Water Works Company, Inc. (NYSE:AWKFree Report) by 62.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,621 shares of the utilities provider’s stock after selling 56,187 shares during the quarter. UMB Bank n.a.’s holdings in American Water Works were worth $4,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Street Markets LLC acquired a new position in American Water Works during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. acquired a new position in American Water Works during the 2nd quarter worth approximately $29,000. Tyler Stone Wealth Management acquired a new position in American Water Works during the 2nd quarter worth approximately $29,000. Pacifica Partners Inc. acquired a new position in American Water Works during the 3rd quarter worth approximately $30,000. Finally, Quarry LP acquired a new position in American Water Works during the 2nd quarter worth approximately $31,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.6 %

Shares of NYSE AWK opened at $119.56 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $153.43. The firm has a 50 day moving average price of $120.79 and a two-hundred day moving average price of $125.31. The stock has a market cap of $23.29 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.

American Water Works (NYSE:AWKGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.23 EPS for the current year.

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWK. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday.

Check Out Our Latest Report on American Water Works

American Water Works Profile

(Free Report)

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.

See Also

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

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