HB Wealth Management LLC Has $225,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

HB Wealth Management LLC reduced its position in American Water Works Company, Inc. (NYSE:AWKFree Report) by 13.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,705 shares of the utilities provider’s stock after selling 275 shares during the period. HB Wealth Management LLC’s holdings in American Water Works were worth $225,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in American Water Works by 30.7% during the fourth quarter. SG Americas Securities LLC now owns 33,759 shares of the utilities provider’s stock worth $4,456,000 after acquiring an additional 7,938 shares during the last quarter. Sterling Investment Counsel LLC lifted its position in American Water Works by 78.8% during the fourth quarter. Sterling Investment Counsel LLC now owns 2,966 shares of the utilities provider’s stock worth $391,000 after acquiring an additional 1,307 shares during the last quarter. My Legacy Advisors LLC lifted its position in American Water Works by 2.4% during the fourth quarter. My Legacy Advisors LLC now owns 5,246 shares of the utilities provider’s stock worth $690,000 after acquiring an additional 123 shares during the last quarter. Brookstone Capital Management lifted its position in American Water Works by 4.8% during the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 83 shares during the last quarter. Finally, Patten Group Inc. lifted its position in American Water Works by 6.9% during the fourth quarter. Patten Group Inc. now owns 7,122 shares of the utilities provider’s stock worth $940,000 after acquiring an additional 458 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWK has been the subject of several research reports. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th.

View Our Latest Research Report on AWK

American Water Works Stock Up 0.6 %

NYSE AWK opened at $122.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 1-year low of $114.25 and a 1-year high of $153.43. The company has a 50 day moving average of $120.98 and a 200-day moving average of $125.75. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.00 and a beta of 0.63.

American Water Works (NYSE:AWKGet Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.03 billion for 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 firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by insiders.

About American Water Works

(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.

See Also

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

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