Braun Stacey Associates Inc. Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

Braun Stacey Associates Inc. boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 17.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,178 shares of the utilities provider’s stock after acquiring an additional 15,473 shares during the quarter. Braun Stacey Associates Inc. owned 0.05% of American Water Works worth $13,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in American Water Works by 3.9% during the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after acquiring an additional 20,288 shares during the period. Assenagon Asset Management S.A. boosted its holdings in American Water Works by 7,752.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after acquiring an additional 477,235 shares during the period. Covea Finance boosted its holdings in American Water Works by 20.4% during the 4th quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock valued at $36,758,000 after acquiring an additional 47,200 shares during the period. Natixis Advisors L.P. grew its position in shares of American Water Works by 27.8% in the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after buying an additional 17,834 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of American Water Works by 4.7% in the 3rd quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock worth $325,038,000 after buying an additional 118,221 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

American Water Works Stock Down 0.5 %

Shares of NYSE:AWK opened at $118.94 on Thursday. The stock has a fifty day simple moving average of $120.60 and a two-hundred day simple moving average of $125.13. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 2.95 and a beta of 0.63. American Water Works Company, Inc. has a 12-month low of $114.25 and a 12-month high of $153.43. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWKGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday.

Get Our Latest Analysis on American Water Works

American Water Works Company 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.

Further Reading

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

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