American Water Works Company, Inc. (NYSE:AWK) Stock Position Lowered by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,776 shares of the utilities provider’s stock after selling 263 shares during the quarter. Simplicity Solutions LLC’s holdings in American Water Works were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of American Water Works by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock worth $103,268,000 after purchasing an additional 30,316 shares during the last quarter. Aviva PLC grew its position in American Water Works by 33.1% in the first quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock worth $12,996,000 after buying an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of American Water Works by 53.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock valued at $344,000 after buying an additional 721 shares in the last quarter. 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 last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of American Water Works by 21.9% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 392 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWK has been the subject of several analyst reports. Evercore ISI lowered 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 report on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Stock Performance

Shares of AWK stock opened at $118.52 on Friday. The company has a market capitalization of $23.09 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.75 and a beta of 0.63. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.99. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $124.12.

American Water Works (NYSE:AWK) last released 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 company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business’s revenue for the quarter 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, sell-side analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American Water Works

In other 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 transaction of $100,814.37. Following the transaction, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

American Water Works Company 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.