WASHINGTON TRUST Co Has $334,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

WASHINGTON TRUST Co increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,530 shares of the utilities provider’s stock after purchasing an additional 535 shares during the period. WASHINGTON TRUST Co’s holdings in American Water Works were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in American Water Works during the 4th quarter worth $281,724,000. Moneta Group Investment Advisors LLC increased its stake in American Water Works by 64,405.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,838,394 shares of the utilities provider’s stock worth $280,208,000 after acquiring an additional 1,835,544 shares during the period. Royal Bank of Canada increased its stake in American Water Works by 11.5% during the 2nd quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock worth $730,062,000 after acquiring an additional 528,070 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after purchasing an additional 477,235 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of American Water Works by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after purchasing an additional 434,737 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction dated Monday, March 4th. The shares were 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 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 can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AWK. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday.

American Water Works Stock Performance

Shares of NYSE:AWK traded up $0.54 during midday trading on Thursday, hitting $122.04. The company had a trading volume of 1,028,383 shares, compared to its average volume of 1,436,988. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.91 and a beta of 0.63. 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 fifty day moving average of $121.20 and a two-hundred day moving average of $125.81.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. American Water Works’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.23 EPS 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.