American Water Works (NYSE:AWK) Hits New 1-Year Low at $114.05

American Water Works Company, Inc. (NYSE:AWK - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $114.05 and last traded at $114.15, with a volume of 197760 shares traded. The stock had previously closed at $115.98.

Wall Street Analysts Forecast Growth

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

American Water Works Stock Performance

The stock has a market cap of $22.17 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.78 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. The business has a 50 day moving average price of $119.58 and a two-hundred day moving average price of $124.24.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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 $1,942,141.60. The sale was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Water Works

Several institutional investors have recently modified their holdings of AWK. MV Capital Management Inc. lifted its stake in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of American Water Works in the 4th quarter valued at approximately $26,000. Clear Street Markets LLC bought a new stake in shares of American Water Works in the 4th quarter valued at approximately $28,000. ST Germain D J Co. Inc. bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $29,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $29,000. 86.58% of the stock is owned by institutional investors.

American Water Works Company 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.