Parsons Capital Management Inc. RI Sells 1,110 Shares of American Water Works Company, Inc. (NYSE:AWK)

Parsons Capital Management Inc. RI decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,015 shares of the utilities provider’s stock after selling 1,110 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in American Water Works were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AWK. Exchange Traded Concepts LLC lifted its stake in shares of American Water Works by 0.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 25,243 shares of the utilities provider’s stock valued at $3,126,000 after acquiring an additional 167 shares during the last quarter. Czech National Bank raised its position in American Water Works by 47.7% in the third quarter. Czech National Bank now owns 34,025 shares of the utilities provider’s stock valued at $4,213,000 after purchasing an additional 10,984 shares during the last quarter. Presima Securities ULC boosted its stake in shares of American Water Works by 1.9% during the third quarter. Presima Securities ULC now owns 5,370 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 100 shares in the last quarter. Spirit of America Management Corp NY grew its holdings in shares of American Water Works by 150.0% during the third quarter. Spirit of America Management Corp NY now owns 750 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 450 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of American Water Works by 13.1% during the third quarter. Handelsbanken Fonder AB now owns 84,772 shares of the utilities provider’s stock worth $10,497,000 after purchasing an additional 9,796 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.6 %

Shares of NYSE AWK traded down $0.77 during midday trading on Friday, reaching $120.78. The stock had a trading volume of 1,058,519 shares, compared to its average volume of 1,399,517. The company’s 50 day moving average price is $119.13 and its 200 day moving average price is $124.21. 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 Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.24. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63.

American Water Works (NYSE:AWK) last released its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. 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 previous year, the business earned $0.81 earnings per share. American Water Works’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction on 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 sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

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.