American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,641 shares of the utilities provider’s stock after selling 2,899 shares during the period. Mackenzie Financial Corp’s holdings in American Water Works were worth $1,800,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AWK. Raymond James & Associates boosted its holdings in shares of American Water Works by 3.9% in the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after buying an additional 20,288 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after buying an additional 477,235 shares during the period. Covea Finance boosted its holdings in shares of American Water Works by 20.4% in the 4th quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock valued at $36,758,000 after buying an additional 47,200 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of American Water Works by 27.8% in the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock valued at $10,151,000 after buying an additional 17,834 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in American Water Works during the 4th quarter valued at about $1,207,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the business’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 transaction, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Stock Up 0.5 %

AWK stock opened at $119.86 on Wednesday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.99. The company’s 50 day simple moving average is $119.20 and its 200-day simple moving average is $124.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization 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.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current year.

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.