Greenleaf Trust Lowers Holdings in American Water Works Company, Inc. (NYSE:AWK)

Greenleaf Trust trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,436 shares of the utilities provider’s stock after selling 1,356 shares during the period. Greenleaf Trust’s holdings in American Water Works were worth $2,961,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AWK. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 30,316 shares during the period. Aviva PLC grew its position in American Water Works by 33.1% in the first 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 period. Sequoia Financial Advisors LLC grew its position in American Water Works by 53.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock worth $344,000 after acquiring an additional 721 shares during the period. Vanguard Group Inc. boosted its position in shares of American Water Works by 2.0% during the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after buying an additional 434,737 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of American Water Works by 21.9% during the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock worth $362,000 after buying an additional 392 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

American Water Works Stock Up 1.0 %

Shares of NYSE AWK opened at $118.52 on Friday. The stock has a market cap of $23.09 billion, a P/E ratio of 24.24, a PEG ratio of 2.80 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 Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.99. The business’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $124.12.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.