American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 195.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,089 shares of the utilities provider’s stock after purchasing an additional 23,876 shares during the period. Pacer Advisors Inc.’s holdings in American Water Works were worth $4,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its holdings in shares of American Water Works by 3.9% during the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after purchasing an additional 20,288 shares during the last quarter. Covea Finance lifted its holdings in American Water Works by 20.4% in the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock valued at $36,758,000 after acquiring an additional 47,200 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in American Water Works by 27.8% in the third quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock valued at $10,151,000 after acquiring an additional 17,834 shares during the last quarter. Morgan Stanley lifted its holdings in American Water Works by 4.7% in the third quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock valued at $325,038,000 after acquiring an additional 118,221 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in American Water Works by 14.9% in the third quarter. LPL Financial LLC now owns 288,727 shares of the utilities provider’s stock valued at $35,753,000 after acquiring an additional 37,514 shares during the last quarter. 86.58% of the stock is currently 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 on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

American Water Works Stock Up 0.6 %

Shares of NYSE AWK opened at $122.21 on Friday. The firm has a market cap of $23.80 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.91 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $153.43. The business’s 50 day moving average is $121.06 and its two-hundred day moving average is $125.78.

American Water Works (NYSE:AWKGet Free Report) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts predict that American Water Works Company, Inc. will post 5.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AWK. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $160.00 to $135.00 in a report on Friday, February 16th.

Read Our Latest Report on American Water Works

American Water Works Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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