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

Gitterman Wealth Management LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 28.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,619 shares of the utilities provider’s stock after buying an additional 575 shares during the quarter. Gitterman Wealth Management LLC’s holdings in American Water Works were worth $346,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MV Capital Management Inc. raised its holdings in American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 103 shares during the period. ORG Partners LLC raised its holdings in American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in American Water Works in the 4th quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new position in American Water Works in the 3rd quarter worth about $33,000. Finally, Key Financial Inc raised its holdings in American Water Works by 266.7% in the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of analyst reports. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut 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.

Insider Activity

In other 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 directly owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock traded down $0.77 during mid-day trading on Friday, reaching $120.78. 1,058,519 shares of the stock traded hands, compared to its average volume of 1,399,517. The business has a 50-day moving average of $119.13 and a 200 day moving average of $124.20. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.24. The stock has a market capitalization of $23.53 billion, a PE ratio of 24.70, a PEG ratio of 2.88 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 quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. On average, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

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.