Romano Brothers AND Company Sells 336 Shares of American Water Works Company, Inc. (NYSE:AWK)

Romano Brothers AND Company cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,325 shares of the utilities provider’s stock after selling 336 shares during the period. Romano Brothers AND Company’s holdings in American Water Works were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AWK. Raymond James & Associates lifted its position in American Water Works by 3.9% during the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after buying an additional 20,288 shares during the period. Assenagon Asset Management S.A. increased its stake 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 valued at $63,803,000 after purchasing an additional 477,235 shares in the last quarter. Covea Finance lifted its holdings 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 valued at $36,758,000 after purchasing an additional 47,200 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $1,207,000. Finally, Natixis Advisors L.P. grew its stake in shares of American Water Works by 27.8% in the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after buying an additional 17,834 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of NYSE AWK opened at $116.57 on Monday. The firm’s 50-day moving average price is $119.87 and its 200-day moving average price is $124.37. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $152.99. The company has a market cap of $22.71 billion, a PE ratio of 23.84, a PEG ratio of 2.78 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 posted 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 business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent research reports. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI downgraded shares of 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 research note on Friday, February 16th.

Insider Activity

In related news, EVP Melanie M. Kennedy sold 843 shares of the firm’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 value of $100,814.37. Following the transaction, the executive vice president now 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 accessible through this link. Insiders own 0.08% of the company’s stock.

About American Water Works

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.