Mackenzie Financial Corp Sells 2,899 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mackenzie Financial Corp lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,641 shares of the utilities provider’s stock after selling 2,899 shares during the quarter. Mackenzie Financial Corp’s holdings in American Water Works were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Impax Asset Management Group plc increased its stake in shares of American Water Works by 2.3% in the third quarter. Impax Asset Management Group plc now owns 5,624,759 shares of the utilities provider’s stock valued at $695,850,000 after buying an additional 129,005 shares during the period. Northern Trust Corp increased its position in American Water Works by 3.6% during the 3rd quarter. Northern Trust Corp now owns 3,591,939 shares of the utilities provider’s stock valued at $444,790,000 after purchasing an additional 124,815 shares during the period. Legal & General Group Plc increased its position in American Water Works by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 2,974,530 shares of the utilities provider’s stock valued at $368,336,000 after purchasing an additional 32,975 shares during the period. Invesco Ltd. increased its position in American Water Works by 10.5% during the 3rd quarter. Invesco Ltd. now owns 2,831,622 shares of the utilities provider’s stock valued at $350,640,000 after purchasing an additional 267,987 shares during the period. Finally, Morgan Stanley increased its position in American Water Works by 4.7% during the 3rd quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock valued at $325,038,000 after purchasing an additional 118,221 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK opened at $119.86 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.99. The business’s fifty day moving average is $119.20 and its 200 day moving average is $124.22. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock has a market cap of $23.35 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.83 and a beta of 0.63.

American Water Works (NYSE:AWK) last issued its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.02 billion. During the same period last year, the business earned $0.81 EPS. American Water Works’s quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate 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 American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’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 transaction, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

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

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.