American Water Works Company, Inc. (NYSE:AWK) Stock Position Decreased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,047 shares of the utilities provider's stock after selling 7,883 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in American Water Works were worth $11,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MV Capital Management Inc. boosted its holdings in shares of American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider's stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Clear Street Markets LLC acquired a new position in shares of American Water Works during the 4th quarter worth approximately $28,000. Tyler Stone Wealth Management acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $29,000. ORG Partners LLC boosted its holdings in shares of American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider's stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $31,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on AWK. Evercore ISI lowered shares of 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 research report on Friday, February 16th. StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, April 3rd.

American Water Works Trading Up 1.0 %

Shares of AWK stock traded up $1.17 during trading on Friday, hitting $118.52. 1,874,555 shares of the stock traded hands, compared to its average volume of 1,422,433. The firm has a market capitalization of $23.09 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The firm's fifty day moving average price is $119.29 and its 200-day moving average price is $124.21. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.99.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, research analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business's stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

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.