1,528 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by BKA Wealth Consulting Inc.

BKA Wealth Consulting Inc. bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, Holdings Channel reports. The firm bought 1,528 shares of the utilities provider’s stock, valued at approximately $202,000.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its stake in shares of American Water Works by 3.9% during 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. raised its stake in shares of 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 valued at $63,803,000 after acquiring an additional 477,235 shares in the last quarter. Covea Finance raised its stake in shares of American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock valued at $36,758,000 after acquiring an additional 47,200 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of 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 valued at $10,151,000 after acquiring an additional 17,834 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $1,207,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of recent research reports. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. 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.

American Water Works Stock Performance

Shares of AWK traded up $0.69 during trading hours on Thursday, reaching $122.05. 545,349 shares of the company traded hands, compared to its average volume of 1,446,876. The stock has a market capitalization of $23.78 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.86 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.04. The business has a fifty day moving average price of $119.22 and a 200-day moving average price of $124.20.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Insider Activity

In related news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which can be accessed 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.