abrdn plc Increases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

abrdn plc raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,704 shares of the utilities provider’s stock after buying an additional 33,813 shares during the period. abrdn plc’s holdings in American Water Works were worth $26,887,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AWK. MV Capital Management Inc. raised its holdings in American Water Works by 110.8% in 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 in the last quarter. ORG Partners LLC raised its holdings in American Water Works by 79.2% in 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 in the last quarter. Compagnie Lombard Odier SCmA bought a new position in American Water Works in the 3rd quarter worth $33,000. Turtle Creek Wealth Advisors LLC bought a new position in American Water Works in the 4th quarter worth $35,000. Finally, Key Financial Inc raised its holdings in American Water Works by 266.7% in the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AWK. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

American Water Works Stock Up 0.5 %

Shares of American Water Works stock opened at $119.86 on Wednesday. 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 company has a 50-day moving average of $119.20 and a 200 day moving average of $124.22. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.83 and a beta of 0.63. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.99.

American Water Works (NYSE:AWK) 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. As a group, sell-side analysts anticipate 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 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.

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.