Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in American Water Works Company, Inc. (NYSE:AWK)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 582,633 shares of the utilities provider's stock after buying an additional 31,949 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.30% of American Water Works worth $76,902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AWK. Vanguard Group Inc. grew its stake in shares of American Water Works by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider's stock valued at $3,635,157,000 after purchasing an additional 434,737 shares during the last quarter. State Street Corp boosted its stake in shares of American Water Works by 4.1% in the first quarter. State Street Corp now owns 10,857,195 shares of the utilities provider's stock valued at $1,590,470,000 after buying an additional 423,764 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of American Water Works by 2.3% in the third quarter. Impax Asset Management Group plc now owns 5,624,759 shares of the utilities provider's stock valued at $695,850,000 after buying an additional 129,005 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of American Water Works by 11.5% in the second quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider's stock valued at $730,062,000 after buying an additional 528,070 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of American Water Works by 8.0% in the first quarter. Geode Capital Management LLC now owns 4,007,338 shares of the utilities provider's stock valued at $585,708,000 after buying an additional 297,378 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the company'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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

American Water Works Trading Down 1.9 %

American Water Works stock traded down $2.16 during trading on Tuesday, hitting $113.82. The company's stock had a trading volume of 2,331,058 shares, compared to its average volume of 1,454,316. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.78 and a beta of 0.63. The stock's fifty day moving average is $119.58 and its 200 day moving average is $124.24. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.99. 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 released its earnings results on Thursday, February 15th. The utilities provider reported $0.88 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 firm 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 firm posted $0.81 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts predict 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.