Mirova US LLC Sells 6,016 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mirova US LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900,953 shares of the utilities provider’s stock after selling 6,016 shares during the period. American Water Works makes up approximately 1.8% of Mirova US LLC’s portfolio, making the stock its 21st biggest position. Mirova US LLC’s holdings in American Water Works were worth $118,917,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AWK. Raymond James & Associates increased its position in American Water Works by 3.9% in the 4th 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 in the last quarter. Assenagon Asset Management S.A. increased its position in American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after buying an additional 477,235 shares in the last quarter. Covea Finance increased its position in American Water Works by 20.4% in the 4th quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock valued at $36,758,000 after buying an additional 47,200 shares in the last quarter. Natixis Advisors L.P. increased its position in American Water Works by 27.8% in the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock valued at $10,151,000 after buying an additional 17,834 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in American Water Works in the 4th quarter valued at about $1,207,000. 86.58% of the stock is owned by institutional investors.

Insider Transactions at American Water Works

In other 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

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

American Water Works Stock Down 1.9 %

AWK traded down $2.16 during midday trading on Wednesday, reaching $113.82. 2,331,081 shares of the company were exchanged, compared to its average volume of 1,301,815. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The company’s fifty day moving average price is $119.58 and its 200 day moving average price is $124.24. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. 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 issued 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 for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

About American Water Works

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.