American Water Works (NYSE:AWK) Stock Price Down 0.3%

American Water Works Company, Inc. (NYSE:AWK)’s share price was down 0.3% on Thursday . The stock traded as low as $119.93 and last traded at $121.05. Approximately 324,434 shares traded hands during trading, a decline of 78% from the average daily volume of 1,444,259 shares. The stock had previously closed at $121.36.

Wall Street Analyst Weigh In

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

American Water Works Trading Up 0.2 %

The company’s fifty day moving average price is $119.22 and its two-hundred day moving average price is $124.20. 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 company has a market cap of $23.68 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63.

American Water Works (NYSE:AWK) last released 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. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Research analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

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 dated Monday, March 4th. The shares were 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 $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Water Works

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC raised its stake in shares of American Water Works by 6.8% during the third quarter. AE Wealth Management LLC now owns 14,967 shares of the utilities provider’s stock worth $1,853,000 after buying an additional 956 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of American Water Works by 8.0% in the 3rd quarter. Global Retirement Partners LLC now owns 1,900 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 141 shares during the period. HB Wealth Management LLC boosted its position in shares of American Water Works by 9.6% in the 3rd quarter. HB Wealth Management LLC now owns 1,980 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 173 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of American Water Works by 0.7% during the third quarter. Exchange Traded Concepts LLC now owns 25,243 shares of the utilities provider’s stock worth $3,126,000 after purchasing an additional 167 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in American Water Works by 80.8% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 8,982 shares of the utilities provider’s stock valued at $1,112,000 after buying an additional 4,015 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

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.