New York State Common Retirement Fund Boosts Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

New York State Common Retirement Fund lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,636 shares of the utilities provider’s stock after acquiring an additional 6,999 shares during the quarter. New York State Common Retirement Fund owned 0.24% of American Water Works worth $61,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of American Water Works by 7.3% during the third quarter. International Assets Investment Management LLC now owns 3,651 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 247 shares in the last quarter. AE Wealth Management LLC boosted its stake in American Water Works by 6.8% in the third quarter. AE Wealth Management LLC now owns 14,967 shares of the utilities provider’s stock valued at $1,853,000 after acquiring an additional 956 shares in the last quarter. Ritholtz Wealth Management acquired a new position in American Water Works in the third quarter valued at $463,000. Global Retirement Partners LLC boosted its stake in American Water Works by 8.0% in the third quarter. Global Retirement Partners LLC now owns 1,900 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 141 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in American Water Works by 9.6% in the third quarter. HB Wealth Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 at the SEC website. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AWK shares. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

American Water Works Trading Up 0.5 %

Shares of American Water Works stock opened at $119.86 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $119.20 and a two-hundred day moving average of $124.22. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.99. The stock has a market cap of $23.35 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63.

American Water Works (NYSE:AWK) last issued its quarterly earnings data 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 net margin of 22.30% and a return on equity of 9.70%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $0.81 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal 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.