Gitterman Wealth Management LLC Buys 575 Shares of American Water Works Company, Inc. (NYSE:AWK)

Gitterman Wealth Management LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 28.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,619 shares of the utilities provider’s stock after buying an additional 575 shares during the quarter. Gitterman Wealth Management LLC’s holdings in American Water Works were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Raymond James & Associates grew its position in shares of American Water Works by 3.9% during the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after purchasing an additional 20,288 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after purchasing an additional 477,235 shares in the last quarter. Covea Finance grew its position in shares of American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after purchasing an additional 47,200 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of American Water Works by 27.8% during the third quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after purchasing an additional 17,834 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in shares of American Water Works during the fourth quarter worth about $1,207,000. Institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Price Performance

NYSE AWK traded down $0.77 during trading on Friday, hitting $120.78. 1,058,519 shares of the stock traded hands, compared to its average volume of 1,399,517. The company has a market capitalization of $23.53 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.88 and a beta of 0.63. The firm has a 50-day simple moving average of $119.13 and a 200-day simple moving average of $124.20. 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 Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.24.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI cut 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. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

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.