American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Buffington Mohr McNeal

Buffington Mohr McNeal reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 8.7% during the 4th quarter, Holdings Channel reports. The fund owned 9,500 shares of the utilities provider’s stock after selling 900 shares during the quarter. Buffington Mohr McNeal’s holdings in American Water Works were worth $1,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in American Water Works by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock valued at $1,053,000 after purchasing an additional 78 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in American Water Works by 1.8% in the second quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 82 shares in the last quarter. Brookstone Capital Management lifted its stake in American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 83 shares during the last quarter. Centaurus Financial Inc. grew its holdings in American Water Works by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 1,909 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 89 shares in the last quarter. Finally, Strong Tower Advisory Services increased its position in shares of American Water Works by 1.9% in the 3rd quarter. Strong Tower Advisory Services now owns 4,931 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 90 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is currently owned by company insiders.

American Water Works Stock Down 1.5 %

Shares of NYSE:AWK traded down $1.77 during trading on Tuesday, hitting $114.21. 785,745 shares of the company were exchanged, compared to its average volume of 1,434,009. The firm’s 50 day moving average price is $119.76 and its 200-day moving average price is $124.31. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.99. 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 stock has a market capitalization of $22.25 billion, a P/E ratio of 23.31, a PEG ratio of 2.78 and a beta of 0.63.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 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 company earned $0.81 earnings per share. American Water Works’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.