Everett Harris & Co. CA Decreases Stake in American Water Works Company, Inc. (NYSE:AWK)

Everett Harris & Co. CA decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 305,646 shares of the utilities provider’s stock after selling 20,000 shares during the quarter. American Water Works comprises 0.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 29th biggest position. Everett Harris & Co. CA’s holdings in American Water Works were worth $40,342,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clear Street Markets LLC purchased a new position in shares of American Water Works in the 4th quarter worth $28,000. ST Germain D J Co. Inc. purchased a new position in American Water Works in the second quarter worth about $29,000. Tyler Stone Wealth Management purchased a new position in American Water Works in the second quarter worth about $29,000. Pacifica Partners Inc. bought a new stake in American Water Works during the third quarter worth approximately $30,000. Finally, Quarry LP purchased a new stake in American Water Works during the second quarter valued at approximately $31,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AWK. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday.

Insider Buying and Selling at American Water Works

In other 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 sale, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Trading Up 3.1 %

American Water Works stock traded up $3.66 during midday trading on Wednesday, reaching $121.50. The stock had a trading volume of 1,804,647 shares, compared to its average volume of 1,444,257. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $153.43. The company has a fifty day moving average of $121.20 and a 200 day moving average of $125.81. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts anticipate that American Water Works Company, Inc. will post 5.23 earnings per share for the current fiscal year.

American Water Works 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.