American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 22.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 622 shares of the utilities provider’s stock after selling 180 shares during the period. Geneos Wealth Management Inc.’s holdings in American Water Works were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of American Water Works by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after acquiring an additional 434,737 shares during the period. State Street Corp lifted its position in shares of American Water Works by 4.1% during the 1st quarter. State Street Corp now owns 10,857,195 shares of the utilities provider’s stock valued at $1,590,470,000 after acquiring an additional 423,764 shares during the period. Impax Asset Management Group plc lifted its position in shares of American Water Works by 2.3% during the 3rd quarter. Impax Asset Management Group plc now owns 5,624,759 shares of the utilities provider’s stock valued at $695,850,000 after acquiring an additional 129,005 shares during the period. Royal Bank of Canada lifted its position in shares of American Water Works by 11.5% during the 2nd quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock valued at $730,062,000 after acquiring an additional 528,070 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of American Water Works by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 4,007,338 shares of the utilities provider’s stock valued at $585,708,000 after acquiring an additional 297,378 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Stock Down 0.5 %

Shares of NYSE AWK opened at $115.98 on Tuesday. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $152.99. The firm has a fifty day moving average of $119.76 and a 200-day moving average of $124.31. The stock has a market capitalization of $22.60 billion, a PE ratio of 23.72, a P/E/G ratio of 2.78 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 (NYSE:AWK) last posted its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Insiders Place Their Bets

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