JGP Wealth Management LLC Has $3.28 Million Position in American Water Works Company, Inc. (NYSE:AWK)

JGP Wealth Management LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,855 shares of the utilities provider’s stock after selling 38,071 shares during the period. JGP Wealth Management LLC’s holdings in American Water Works were worth $3,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of American Water Works by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock valued at $103,268,000 after buying an additional 30,316 shares during the last quarter. Aviva PLC lifted its position in shares of American Water Works by 33.1% in the first quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock valued at $12,996,000 after buying an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of American Water Works by 53.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock valued at $344,000 after buying an additional 721 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after buying an additional 434,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of American Water Works by 21.9% in the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock valued at $362,000 after buying an additional 392 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’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 completion of the transaction, the executive vice president now owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

American Water Works Price Performance

AWK traded up $0.11 on Monday, hitting $117.25. 1,394,504 shares of the stock were exchanged, compared to its average volume of 1,469,541. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.93 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. American Water Works Company, Inc. has a 12 month low of $114.25 and a 12 month high of $153.43. The business has a 50-day moving average of $122.91 and a two-hundred day moving average of $126.62.

American Water Works (NYSE:AWK) last posted its earnings results 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 analysts’ expectations of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $160.00 to $135.00 in a report on Friday, February 16th.

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.