Impax Asset Management Group plc Sells 35,420 Shares of American Water Works Company, Inc. (NYSE:AWK)

Impax Asset Management Group plc reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,589,339 shares of the utilities provider's stock after selling 35,420 shares during the quarter. American Water Works accounts for 3.0% of Impax Asset Management Group plc's investment portfolio, making the stock its 3rd biggest holding. Impax Asset Management Group plc owned about 2.87% of American Water Works worth $737,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in shares of American Water Works by 59.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,574 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 1,326 shares during the last quarter. Tobam grew its stake in shares of American Water Works by 161.9% in the 4th quarter. Tobam now owns 2,263 shares of the utilities provider's stock valued at $299,000 after purchasing an additional 1,399 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Water Works by 5.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,117,550 shares of the utilities provider's stock valued at $279,495,000 after buying an additional 117,170 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of American Water Works by 48.2% in the 4th quarter. RFG Advisory LLC now owns 11,093 shares of the utilities provider's stock valued at $1,464,000 after buying an additional 3,609 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works 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 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.08% of the company's stock.

American Water Works Price Performance

AWK stock traded up $1.84 during midday trading on Tuesday, hitting $121.86. 1,492,927 shares of the stock were exchanged, compared to its average volume of 1,425,725. The stock's 50-day moving average price is $120.27 and its 200-day moving average price is $124.62. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.83 and a beta of 0.63. American Water Works Company, Inc. has a fifty-two week low of $114.25 and a fifty-two week high of $153.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. American Water Works's revenue was up 10.8% on a year-over-year basis. Research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, April 3rd. Evercore ISI cut American Water Works from an "outperform" rating to an "in-line" rating and reduced their price target for the company from $160.00 to $135.00 in a report on Friday, February 16th.

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.