abrdn plc Acquires 33,813 Shares of American Water Works Company, Inc. (NYSE:AWK)

abrdn plc raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 203,704 shares of the utilities provider’s stock after acquiring an additional 33,813 shares during the period. abrdn plc owned approximately 0.10% of American Water Works worth $26,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in American Water Works by 7.3% in the 3rd 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 during the period. AE Wealth Management LLC boosted its stake in shares of American Water Works by 6.8% during the 3rd quarter. AE Wealth Management LLC now owns 14,967 shares of the utilities provider’s stock worth $1,853,000 after buying an additional 956 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of American Water Works during the 3rd quarter worth about $463,000. Global Retirement Partners LLC boosted its stake in shares of American Water Works by 8.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,900 shares of the utilities provider’s stock worth $227,000 after buying an additional 141 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of American Water Works by 9.6% during the 3rd quarter. HB Wealth Management LLC now owns 1,980 shares of the utilities provider’s stock worth $245,000 after buying an additional 173 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the 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 sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

American Water Works Stock Up 0.5 %

American Water Works stock opened at $119.86 on Wednesday. The stock has a market cap of $23.35 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.83 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 Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.99. The company’s 50-day moving average price is $119.20 and its two-hundred day moving average price is $124.22.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent research reports. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

About American Water Works

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.