Lindbrook Capital LLC Trims Stake in American Water Works Company, Inc. (NYSE:AWK)

Lindbrook Capital LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,461 shares of the utilities provider’s stock after selling 89 shares during the period. Lindbrook Capital LLC’s holdings in American Water Works were worth $193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AWK. MV Capital Management Inc. boosted its position in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares during the last quarter. ORG Partners LLC grew its stake in shares of American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of American Water Works during the 3rd quarter worth $33,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of American Water Works in the 4th quarter worth $35,000. Finally, Key Financial Inc boosted its holdings in American Water Works by 266.7% in the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

In other 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 transaction of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AWK. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $119.26 on Tuesday. The business’s 50-day simple moving average is $119.20 and its 200 day simple moving average is $124.21. The company has a market cap of $23.23 billion, a P/E ratio of 24.39, a PEG ratio of 2.83 and a beta of 0.63. 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 one year low of $113.34 and a one year high of $152.99.

American Water Works (NYSE:AWK) last announced its earnings results 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 net margin of 22.30% and a return on equity of 9.70%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

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.