American Water Works Company, Inc. (NYSE:AWK) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,060 shares of the utilities provider’s stock after selling 567 shares during the period. KCM Investment Advisors LLC’s holdings in American Water Works were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AWK. FMR LLC raised its position in shares of American Water Works by 11.5% during the 3rd quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock worth $51,716,000 after buying an additional 36,424 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of American Water Works during the third quarter valued at approximately $1,244,000. Worldquant Millennium Advisors LLC raised its holdings in American Water Works by 6.6% during the third quarter. Worldquant Millennium Advisors LLC now owns 43,645 shares of the utilities provider’s stock worth $6,383,000 after purchasing an additional 2,703 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in American Water Works by 76.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,584 shares of the utilities provider’s stock worth $670,000 after purchasing an additional 1,982 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in American Water Works during the 3rd quarter valued at $275,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works Trading Down 3.0 %

Shares of NYSE AWK opened at $147.36 on Monday. The business has a fifty day simple moving average of $135.56 and a 200-day simple moving average of $134.28. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $155.50. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.