Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.12 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,000 shares of the utilities provider’s stock after selling 106 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in American Water Works were worth $1,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc raised its position in American Water Works by 2.3% during the third quarter. Impax Asset Management Group plc now owns 5,624,759 shares of the utilities provider’s stock worth $695,850,000 after acquiring an additional 129,005 shares in the last quarter. Northern Trust Corp raised its position in American Water Works by 3.6% during the third quarter. Northern Trust Corp now owns 3,591,939 shares of the utilities provider’s stock worth $444,790,000 after acquiring an additional 124,815 shares in the last quarter. Legal & General Group Plc raised its position in American Water Works by 1.1% during the third quarter. Legal & General Group Plc now owns 2,974,530 shares of the utilities provider’s stock worth $368,336,000 after acquiring an additional 32,975 shares in the last quarter. Invesco Ltd. raised its position in shares of American Water Works by 10.5% in the third quarter. Invesco Ltd. now owns 2,831,622 shares of the utilities provider’s stock valued at $350,640,000 after purchasing an additional 267,987 shares during the period. Finally, Morgan Stanley raised its position in shares of American Water Works by 4.7% in the third quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock valued at $325,038,000 after purchasing an additional 118,221 shares during the period. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

American Water Works Stock Performance

NYSE:AWK traded up $0.97 during mid-day trading on Tuesday, reaching $120.23. 417,641 shares of the company’s stock were exchanged, compared to its average volume of 1,449,843. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.99. The firm has a market capitalization of $23.42 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63. The business’s fifty day simple moving average is $119.20 and its two-hundred day simple moving average is $124.21. 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, topping analysts’ consensus estimates of $0.84 by $0.04. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.81 earnings per share. American Water Works’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by insiders.

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.