OLD National Bancorp IN decreased its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,590 shares of the utilities provider’s stock after selling 108 shares during the quarter. OLD National Bancorp IN’s holdings in American Water Works were worth $321,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of American Water Works in the 3rd quarter worth about $87,000. GTS Securities LLC acquired a new position in shares of American Water Works in the 3rd quarter worth approximately $226,000. BRYN MAWR TRUST Co boosted its position in American Water Works by 0.3% during the 3rd quarter. BRYN MAWR TRUST Co now owns 54,275 shares of the utilities provider’s stock valued at $6,721,000 after purchasing an additional 154 shares during the period. Harbour Investments Inc. boosted its position in American Water Works by 36.7% during the 3rd quarter. Harbour Investments Inc. now owns 618 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 166 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in American Water Works by 93.8% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 4,057 shares of the utilities provider’s stock valued at $502,000 after acquiring an additional 1,964 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th.
Get Our Latest Report on American Water Works
Insiders Place Their Bets
In related 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 completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.
American Water Works Stock Performance
Shares of NYSE AWK opened at $118.48 on Friday. The business’s 50-day moving average price is $123.52 and its two-hundred day moving average price is $127.12. 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 one year low of $114.25 and a one year high of $153.43. The company has a market capitalization of $23.07 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.
American Water Works (NYSE:AWK – Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. 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.
See Also
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Source: defenseworld.net
