Everett Harris & Co. CA Has $40.34 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Everett Harris & Co. CA decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 305,646 shares of the utilities provider’s stock after selling 20,000 shares during the quarter. American Water Works comprises approximately 0.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 29th largest holding. Everett Harris & Co. CA owned about 0.16% of American Water Works worth $40,342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Schroder Investment Management Group increased its stake in American Water Works by 14.9% in the second quarter. Schroder Investment Management Group now owns 152,448 shares of the utilities provider’s stock valued at $21,762,000 after purchasing an additional 19,822 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in American Water Works by 7,752.4% during the 4th 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 raised its holdings in American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after buying an additional 47,200 shares during the last quarter. Natixis Advisors L.P. raised its holdings 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 acquiring an additional 17,834 shares during the last quarter. Finally, Morgan Stanley lifted its holdings 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 in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock traded up $3.66 during trading on Wednesday, hitting $121.50. The stock had a trading volume of 1,804,647 shares, compared to its average volume of 1,444,257. The business’s 50-day moving average is $121.20 and its 200 day moving average is $125.81. American Water Works Company, Inc. has a 12 month low of $114.25 and a 12 month high of $153.43. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.89 and a beta of 0.63. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.03 billion for 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%. American Water Works’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.23 earnings per share for the current year.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value 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 $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AWK. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday.

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.