Desjardins Global Asset Management Inc. Sells 1,138 Shares of American Water Works Company, Inc. (NYSE:AWK)

Desjardins Global Asset Management Inc. lessened its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 22.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,895 shares of the utilities provider’s stock after selling 1,138 shares during the period. Desjardins Global Asset Management Inc.’s holdings in American Water Works were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of American Water Works by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock valued at $1,053,000 after buying an additional 78 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of American Water Works by 1.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock valued at $649,000 after buying an additional 82 shares during the last quarter. Brookstone Capital Management lifted its position in shares of American Water Works by 4.8% during the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after buying an additional 83 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of American Water Works by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 1,909 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 89 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in American Water Works by 1.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AWK. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

American Water Works Stock Up 1.4 %

Shares of NYSE AWK opened at $115.40 on Thursday. The business has a 50-day simple moving average of $119.45 and a two-hundred day simple moving average of $124.18. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.99. The company has a market cap of $22.48 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.77 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 released its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.81 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following 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 SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

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.