Penobscot Investment Management Company Inc. Reduces Position in American Water Works Company, Inc. (NYSE:AWK)

Penobscot Investment Management Company Inc. reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 10,330 shares of the utilities provider’s stock after selling 505 shares during the period. Penobscot Investment Management Company Inc.’s holdings in American Water Works were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. MV Capital Management Inc. grew its stake in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. ORG Partners LLC grew its stake in shares of American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 103 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of American Water Works in the 3rd quarter valued at approximately $33,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of American Water Works in the 4th quarter valued at approximately $35,000. Finally, Key Financial Inc grew its stake in shares of American Water Works by 266.7% in the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works 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 transaction, 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 accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

American Water Works Stock Up 0.0 %

AWK opened at $122.32 on Wednesday. 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 business has a 50 day simple moving average of $119.14 and a 200-day simple moving average of $124.27. The stock has a market capitalization of $23.83 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.92 and a beta of 0.63. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.24.

American Water Works (NYSE:AWK) last posted 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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

About American Water Works

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.