Pittenger & Anderson Inc. Lowers Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Pittenger & Anderson Inc. lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,325 shares of the utilities provider’s stock after selling 250 shares during the period. Pittenger & Anderson Inc.’s holdings in American Water Works were worth $2,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings 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 worth $63,803,000 after acquiring an additional 477,235 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of American Water Works by 12,606.5% during the 4th quarter. International Assets Investment Management LLC now owns 463,913 shares of the utilities provider’s stock worth $612,320,000 after purchasing an additional 460,262 shares during the last quarter. Raymond James & Associates lifted its position in shares of American Water Works by 174.2% during the third quarter. Raymond James & Associates now owns 518,596 shares of the utilities provider’s stock valued at $64,218,000 after buying an additional 329,469 shares during the last quarter. Dearborn Partners LLC boosted its holdings in shares of American Water Works by 7,062.8% in the 3rd quarter. Dearborn Partners LLC now owns 318,316 shares of the utilities provider’s stock valued at $39,417,000 after buying an additional 313,872 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of American Water Works by 1,173.5% in the 3rd quarter. Clearbridge Investments LLC now owns 336,650 shares of the utilities provider’s stock worth $41,687,000 after buying an additional 310,214 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction dated 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 in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Stock Performance

Shares of American Water Works stock traded up $0.19 during trading on Thursday, hitting $121.55. 1,394,247 shares of the company’s stock were exchanged, compared to its average volume of 1,457,989. The business has a 50-day simple moving average of $119.22 and a 200-day simple moving average of $124.20. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.86 and a beta of 0.63. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.04. 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 (NYSE:AWK) last released its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. On average, research analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current 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.