Greenleaf Trust Sells 1,356 Shares of American Water Works Company, Inc. (NYSE:AWK)

Greenleaf Trust decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,436 shares of the utilities provider’s stock after selling 1,356 shares during the quarter. Greenleaf Trust’s holdings in American Water Works were worth $2,961,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. Dimensional Fund Advisors LP increased its holdings in shares of American Water Works by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock worth $103,268,000 after purchasing an additional 30,316 shares during the period. Aviva PLC increased its holdings in shares of American Water Works by 33.1% during the 1st quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock worth $12,996,000 after purchasing an additional 19,512 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of American Water Works by 53.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 721 shares during the period. Vanguard Group Inc. increased its holdings in shares of American Water Works by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after purchasing an additional 434,737 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of American Water Works by 21.9% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 392 shares during the period. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI cut shares of 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 shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

American Water Works Price Performance

NYSE:AWK opened at $118.52 on Friday. The firm has a market cap of $23.09 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.80 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 $152.99. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $119.29 and its two-hundred day moving average price is $124.12.

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 analysts’ consensus estimates of $0.84 by $0.04. The firm 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 company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS 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.