Northcape Wealth Management LLC Decreases Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Northcape Wealth Management LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,576 shares of the utilities provider’s stock after selling 1,825 shares during the period. Northcape Wealth Management LLC’s holdings in American Water Works were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Diversified LLC raised its stake in American Water Works by 3.2% in the fourth quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock valued at $336,000 after buying an additional 80 shares during the last quarter. Brookstone Capital Management raised its stake in 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 buying an additional 83 shares during the last quarter. Headlands Technologies LLC raised its stake in American Water Works by 10.4% in the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock valued at $118,000 after buying an additional 84 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in 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 buying an additional 91 shares during the last quarter. Finally, Consolidated Portfolio Review Corp raised its stake in American Water Works by 0.5% in the third quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock valued at $2,590,000 after buying an additional 94 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the company 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 report on Wednesday, April 3rd.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’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 sale, 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 filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

American Water Works Stock Performance

American Water Works stock traded up $0.04 during midday trading on Tuesday, hitting $122.32. 1,243,744 shares of the company were exchanged, compared to its average volume of 1,464,083. The firm has a market capitalization of $23.83 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.24. The business has a fifty day simple moving average of $119.12 and a two-hundred day simple moving average of $124.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.81 earnings per share. American Water Works’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share 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.