American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in American Water Works Company, Inc. (NYSE:AWK) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,228 shares of the utilities provider’s stock after selling 87,332 shares during the period. Federated Hermes Inc.’s holdings in American Water Works were worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in American Water Works by 3.9% during the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after buying an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after buying an additional 477,235 shares during the last quarter. Covea Finance boosted its stake in American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after buying an additional 47,200 shares during the last quarter. Natixis Advisors L.P. raised its position 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 purchasing an additional 17,834 shares during the period. Finally, Arlington Trust Co LLC purchased a new stake in American Water Works in the fourth quarter valued at $1,207,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of a number of research analyst reports. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the company 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 report on Wednesday, April 3rd.

American Water Works Price Performance

Shares of NYSE AWK opened at $121.36 on Thursday. The stock’s 50-day moving average is $119.22 and its two-hundred day moving average is $124.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. 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 market cap of $23.64 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.81 EPS. American Water Works’s revenue was up 10.8% on a year-over-year basis. Analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the transaction, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

American Water Works 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.