Key Financial Inc Increases Position in American Water Works Company, Inc. (NYSE:AWK)

Key Financial Inc raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 266.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 275 shares of the utilities provider’s stock after purchasing an additional 200 shares during the quarter. Key Financial Inc’s holdings in American Water Works were worth $36,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Thrivent Financial for Lutherans boosted its holdings in shares of American Water Works by 1.0% in the third 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 during the period. Sunbelt Securities Inc. boosted its holdings in shares of 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 purchasing an additional 82 shares during the period. Brookstone Capital Management boosted its holdings in shares of American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 83 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of American Water Works by 4.9% in the first quarter. Centaurus Financial Inc. now owns 1,909 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 89 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of American Water Works by 1.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock valued at $762,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of a number of research reports. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Stock Up 1.4 %

American Water Works stock opened at $115.40 on Thursday. The business has a fifty day moving average of $119.45 and a two-hundred day moving average of $124.18. 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 $22.48 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.72 and a beta of 0.63. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.99.

American Water Works (NYSE:AWK) last posted its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The company 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%. American Water Works’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. 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.