American Water Works Company, Inc. (NYSE:AWK) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in American Water Works Company, Inc. (NYSE:AWKFree Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,028 shares of the utilities provider’s stock after selling 2,105 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Water Works were worth $2,775,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other American Water Works 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 transaction of $100,814.37. Following the completion of the transaction, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

American Water Works Trading Down 0.5 %

Shares of AWK stock opened at $118.94 on Thursday. 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 1 year low of $114.25 and a 1 year high of $153.43. The stock has a fifty day moving average of $120.66 and a two-hundred day moving average of $125.18. The firm has a market capitalization of $23.17 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on American Water Works

About American Water Works

(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.

Recommended Stories

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWKFree Report).

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.