300 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A bought a new position in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 300 shares of the utilities provider’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. EFG Asset Management Americas Corp. raised its stake in American Water Works by 1.1% during the fourth quarter. EFG Asset Management Americas Corp. now owns 41,144 shares of the utilities provider’s stock worth $5,431,000 after acquiring an additional 450 shares in the last quarter. Handelsbanken Fonder AB raised its stake in American Water Works by 7.7% during the fourth quarter. Handelsbanken Fonder AB now owns 91,341 shares of the utilities provider’s stock worth $12,056,000 after acquiring an additional 6,569 shares in the last quarter. CWM LLC raised its stake in American Water Works by 20.1% during the fourth quarter. CWM LLC now owns 8,943 shares of the utilities provider’s stock worth $1,180,000 after acquiring an additional 1,495 shares in the last quarter. abrdn plc raised its stake in American Water Works by 19.9% during the fourth quarter. abrdn plc now owns 203,704 shares of the utilities provider’s stock worth $26,887,000 after acquiring an additional 33,813 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in American Water Works by 7.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 2,174 shares of the utilities provider’s stock worth $287,000 after acquiring an additional 142 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of AWK stock opened at $119.26 on Tuesday. The stock has a 50-day moving average price of $119.20 and a 200 day moving average price of $124.21. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.83 and a beta of 0.63. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Research analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction dated 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 sale, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

American Water Works Company 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.