6. CLEAN WATER AND SANITATION

Fifth Third Bancorp Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

Written by Amanda

Fifth Third Bancorp lessened its holdings in American Water Works Company, Inc. (NYSE:AWKFree Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,382 shares of the utilities provider’s stock after selling 401 shares during the quarter. Fifth Third Bancorp’s holdings in American Water Works were worth $4,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Clear Street Markets LLC purchased a new position in shares of American Water Works in the fourth quarter worth about $28,000. ST Germain D J Co. Inc. purchased a new position in American Water Works in the 2nd quarter worth approximately $29,000. Tyler Stone Wealth Management bought a new stake in American Water Works in the second quarter valued at approximately $29,000. Quarry LP purchased a new stake in shares of American Water Works during the second quarter valued at approximately $31,000. Finally, Trium Capital LLP bought a new position in shares of American Water Works in the first quarter worth approximately $34,000. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th.

Get Our Latest Stock Analysis on American Water Works

American Water Works Stock Down 1.6 %

Shares of American Water Works stock opened at $120.23 on Tuesday. The company’s fifty day simple moving average is $120.92 and its two-hundred day simple moving average is $125.46. American Water Works Company, Inc. has a 12-month low of $114.25 and a 12-month high of $153.43. 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 company has a market cap of $23.42 billion, a P/E ratio of 24.59, a PEG ratio of 3.01 and a beta of 0.63.

American Water Works (NYSE:AWKGet Free Report) last released its quarterly 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. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. American Water Works’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 earnings per share. Research analysts anticipate that American Water Works Company, Inc. will post 5.23 EPS for the current year.

Insider Activity

In related 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 sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

American Water Works Company Profile

(Free Report)

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.

Featured Stories



Receive News & Ratings for American Water Works Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Water Works and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai