Handelsbanken Fonder AB Has $12.06 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Handelsbanken Fonder AB lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,341 shares of the utilities provider’s stock after acquiring an additional 6,569 shares during the period. Handelsbanken Fonder AB’s holdings in American Water Works were worth $12,056,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates grew its stake 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 acquiring an additional 20,288 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after buying an additional 477,235 shares in the last quarter. Covea Finance grew its stake in American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after buying an additional 47,200 shares in the last quarter. Natixis Advisors L.P. grew its stake in American Water Works by 27.8% during the third 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 in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in American Water Works during the fourth quarter worth about $1,207,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 0.5 %

AWK opened at $119.86 on Wednesday. The company’s 50 day moving average is $119.20 and its 200-day moving average is $124.22. The company has a market cap of $23.35 billion, a P/E ratio of 24.51, a PEG ratio of 2.83 and a beta of 0.63. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.99. 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:AWK) last issued 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 analyst estimates of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS. Equities research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Activity at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.