DekaBank Deutsche Girozentrale Has $66.75 Million Position in American Water Works Company, Inc. (NYSE:AWK)

DekaBank Deutsche Girozentrale lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 505,177 shares of the utilities provider's stock after acquiring an additional 50,793 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.26% of American Water Works worth $66,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Clear Street Markets LLC acquired a new stake in shares of American Water Works during the fourth quarter worth $28,000. ST Germain D J Co. Inc. acquired a new stake in American Water Works during the 2nd quarter worth about $29,000. Tyler Stone Wealth Management purchased a new stake in American Water Works during the second quarter valued at about $29,000. Quarry LP acquired a new position in shares of American Water Works in the second quarter worth about $31,000. Finally, Trium Capital LLP acquired a new position in shares of American Water Works in the first quarter worth about $34,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Down 1.5 %

AWK traded down $1.86 during trading on Friday, reaching $118.52. 1,085,979 shares of the stock traded hands, compared to its average volume of 1,487,318. The stock's 50-day simple moving average is $120.43 and its two-hundred day simple moving average is $124.79. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $153.43. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results 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. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.81 EPS. The firm's revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now 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 available through this link. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AWK shares. StockNews.com downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday. Evercore ISI lowered American Water Works from an "outperform" rating to an "in-line" rating and dropped their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th.

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.