American Water Works Company, Inc. (NYSE:AWK) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,060 shares of the utilities provider’s stock after selling 567 shares during the period. KCM Investment Advisors LLC’s holdings in American Water Works were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AWK. Norges Bank acquired a new stake in shares of American Water Works during the fourth quarter valued at about $294,524,000. Victory Capital Management Inc. boosted its holdings in American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock valued at $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Groupama Asset Managment grew its stake in American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American Water Works during the 4th quarter worth approximately $71,120,000. Finally, Amundi raised its position in shares of American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after purchasing an additional 477,411 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 3.0 %

NYSE AWK opened at $147.36 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50. The company has a 50-day simple moving average of $135.56 and a 200-day simple moving average of $134.28. The firm has a market capitalization of $28.74 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company raised their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.86.

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.