Federated Hermes Inc. Sells 87,332 Shares of American Water Works Company, Inc. (NYSE:AWK)

Federated Hermes Inc. lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 58.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,228 shares of the utilities provider’s stock after selling 87,332 shares during the period. Federated Hermes Inc.’s holdings in American Water Works were worth $8,081,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. boosted its holdings in American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter valued at $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of American Water Works during the 3rd quarter valued at $33,000. Finally, Key Financial Inc boosted its holdings in shares of American Water Works by 266.7% during the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’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 completion of the sale, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AWK. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their target price for the company from $160.00 to $135.00 in a report on Friday, February 16th.

American Water Works Price Performance

Shares of NYSE:AWK opened at $121.36 on Thursday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.99. The business has a 50-day simple moving average of $119.22 and a two-hundred day simple moving average of $124.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63.

American Water Works (NYSE:AWK) last issued its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. American Water Works’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

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.