American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 45.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,051 shares of the utilities provider’s stock after selling 1,688 shares during the period. Cornerstone Wealth Management LLC’s holdings in American Water Works were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWK. Dimensional Fund Advisors LP raised its holdings in shares of American Water Works by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock valued at $103,268,000 after buying an additional 30,316 shares during the last quarter. Aviva PLC raised its holdings in shares of American Water Works by 33.1% during the first quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock valued at $12,996,000 after buying an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of American Water Works by 53.1% during the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock valued at $344,000 after buying an additional 721 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of American Water Works by 2.0% during the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after buying an additional 434,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of American Water Works by 21.9% during the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock valued at $362,000 after buying an additional 392 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

NYSE AWK opened at $118.05 on Thursday. The stock has a market capitalization of $22.99 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.89 and a beta of 0.63. American Water Works Company, Inc. has a 1 year low of $114.25 and a 1 year high of $153.43. The business’s fifty day moving average is $122.30 and its two-hundred day moving average is $126.43. 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:AWKGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $1.03 billion for 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 firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, research analysts forecast that American Water Works Company, Inc. will post 5.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of American Water Works 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 approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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.

Get Our Latest Stock Report on AWK

American Water Works Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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