American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,776 shares of the utilities provider’s stock after selling 263 shares during the period. Simplicity Solutions LLC’s holdings in American Water Works were worth $366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of American Water Works by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock worth $1,053,000 after buying an additional 78 shares in the last quarter. Sunbelt Securities Inc. grew its stake in American Water Works by 1.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 82 shares during the period. Brookstone Capital Management raised its holdings in American Water Works by 4.8% in the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 83 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of American Water Works by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 1,909 shares of the utilities provider’s stock worth $280,000 after purchasing an additional 89 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of American Water Works by 1.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AWK shares. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the stock 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 report on Wednesday, April 3rd.

Insider Activity

In related news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock opened at $118.52 on Friday. The business’s fifty day moving average price is $119.29 and its 200 day moving average price is $124.12. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.99. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $23.09 billion, a P/E ratio of 24.24, a PEG ratio of 2.75 and a beta of 0.63.

American Water Works (NYSE:AWK) last posted its quarterly 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 net margin of 22.30% and a return on equity of 9.70%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.81 earnings per share. American Water Works’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works 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.