Vontobel Holding Ltd. Lowers Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Vontobel Holding Ltd. lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 927,457 shares of the utilities provider's stock after selling 109,506 shares during the period. Vontobel Holding Ltd. owned 0.48% of American Water Works worth $122,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates raised its holdings in American Water Works by 3.9% in the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider's stock worth $71,127,000 after purchasing an additional 20,288 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in American Water Works by 7,752.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider's stock valued at $63,803,000 after acquiring an additional 477,235 shares in the last quarter. Covea Finance grew its holdings in American Water Works by 20.4% in the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider's stock worth $36,758,000 after purchasing an additional 47,200 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of American Water Works during the fourth quarter worth $1,207,000. Finally, Natixis Advisors L.P. lifted its holdings in shares of American Water Works by 27.8% during the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider's stock valued at $10,151,000 after purchasing an additional 17,834 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works 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 in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company's stock.

American Water Works Stock Performance

Shares of American Water Works stock traded down $1.25 on Friday, reaching $116.57. 1,072,122 shares of the stock were exchanged, compared to its average volume of 1,463,025. The business has a 50 day moving average price of $119.87 and a two-hundred day moving average price of $124.37. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.78 and a beta of 0.63. American Water Works Company, Inc. has a twelve month low of $114.25 and a twelve month high of $152.99. 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 (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The business's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

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.