Cambridge Trust Co. Sells 239 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cambridge Trust Co. cut its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,374 shares of the utilities provider’s stock after selling 239 shares during the period. Cambridge Trust Co.’s holdings in American Water Works were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its position in shares of American Water Works by 3.9% in the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after buying an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. lifted 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 worth $63,803,000 after purchasing an additional 477,235 shares during the last quarter. Covea Finance lifted 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 worth $36,758,000 after purchasing an additional 47,200 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in American Water Works by 27.8% during the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after purchasing an additional 17,834 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in American Water Works during the 4th quarter worth approximately $1,207,000. 86.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works 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 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $118.52 on Friday. The stock has a market capitalization of $23.09 billion, a PE ratio of 24.24, a P/E/G ratio of 2.75 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The business has a fifty day moving average price of $119.29 and a two-hundred day moving average price of $124.12. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.99.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AWK. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $160.00 to $135.00 in a report on Friday, February 16th.

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.