Stock Yards Bank & Trust Co. Cuts Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Stock Yards Bank & Trust Co. trimmed its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,019 shares of the utilities provider's stock after selling 7,602 shares during the quarter. Stock Yards Bank & Trust Co. owned approximately 0.08% of American Water Works worth $20,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. MV Capital Management Inc. lifted its stake 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 valued at $26,000 after buying an additional 103 shares in the last quarter. ORG Partners LLC increased its holdings in 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 acquiring an additional 103 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in American Water Works during the 3rd quarter worth approximately $33,000. Turtle Creek Wealth Advisors LLC bought a new stake in American Water Works during the 4th quarter worth approximately $35,000. Finally, Key Financial Inc increased its holdings in American Water Works by 266.7% during the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider's stock worth $36,000 after acquiring an additional 200 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

American Water Works Stock Up 0.6 %

Shares of American Water Works stock traded up $0.74 during trading on Monday, hitting $119.26. The company's stock had a trading volume of 1,183,165 shares, compared to its average volume of 1,463,527. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The company has a fifty day simple moving average of $119.29 and a two-hundred day simple moving average of $124.21. The company has a market capitalization of $23.23 billion, a PE ratio of 24.41, a P/E/G ratio of 2.83 and a beta of 0.63. 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 issued its quarterly earnings results 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. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. American Water Works's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Equities research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share 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.