Independence Bank of Kentucky Buys 1,539 Shares of American Water Works Company, Inc. (NYSE:AWK)

Independence Bank of Kentucky increased its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 302.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,048 shares of the utilities provider’s stock after buying an additional 1,539 shares during the period. Independence Bank of Kentucky’s holdings in American Water Works were worth $270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in American Water Works by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock worth $103,268,000 after buying an additional 30,316 shares during the last quarter. Aviva PLC increased its stake in American Water Works by 33.1% in the 1st quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock worth $12,996,000 after acquiring an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in 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 purchasing an additional 721 shares during the last quarter. Vanguard Group Inc. grew its position in American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after acquiring an additional 434,737 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of American Water Works by 21.9% in the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock valued at $362,000 after acquiring an additional 392 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of AWK stock opened at $119.56 on Wednesday. The firm has a 50 day moving average of $120.79 and a two-hundred day moving average of $125.31. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $23.29 billion, a PE ratio of 24.45, a P/E/G ratio of 2.97 and a beta of 0.63. American Water Works Company, Inc. has a 52 week low of $114.25 and a 52 week high of $153.43.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company posted $0.81 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, research analysts predict that American Water Works Company, Inc. will post 5.23 EPS for the current fiscal year.

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AWK. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

Check Out Our Latest Research Report on American Water Works

American Water Works Company 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.

Read More

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.