OLD National Bancorp IN reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 4.0% in the third quarter, Holdings Channel reports. The firm owned 2,590 shares of the utilities provider’s stock after selling 108 shares during the period. OLD National Bancorp IN’s holdings in American Water Works were worth $321,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Schroder Investment Management Group lifted its holdings in shares of American Water Works by 14.9% during the 2nd quarter. Schroder Investment Management Group now owns 152,448 shares of the utilities provider’s stock worth $21,762,000 after acquiring an additional 19,822 shares during the last quarter. Shelton Capital Management lifted its stake in American Water Works by 13.2% in the second quarter. Shelton Capital Management now owns 27,383 shares of the utilities provider’s stock worth $3,909,000 after purchasing an additional 3,200 shares during the last quarter. Natixis Advisors L.P. lifted its stake 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 worth $10,151,000 after purchasing an additional 17,834 shares during the last quarter. Morgan Stanley lifted its stake in American Water Works by 4.7% in the third quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock worth $325,038,000 after purchasing an additional 118,221 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in American Water Works by 14.9% in the third quarter. LPL Financial LLC now owns 288,727 shares of the utilities provider’s stock worth $35,753,000 after purchasing an additional 37,514 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th.
View Our Latest Research Report on American Water Works
Insiders Place Their Bets
In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company’s stock.
American Water Works Price Performance
Shares of AWK opened at $118.48 on Friday. The stock has a market cap of $23.07 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $153.43. The firm’s 50-day simple moving average is $123.52 and its two-hundred day simple moving average is $127.12.
American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. Analysts anticipate that American Water Works Company, Inc. will post 5.22 earnings per share for the current fiscal year.
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.
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Source: defenseworld.net
