Signaturefd LLC Sells 510 Shares of American Water Works Company, Inc. (NYSE:AWK)

Signaturefd LLC decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,036 shares of the utilities provider’s stock after selling 510 shares during the period. Signaturefd LLC’s holdings in American Water Works were worth $665,000 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. increased its stake in shares of American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 103 shares in the last quarter. ORG Partners LLC increased its stake in shares of American Water Works by 79.2% during the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 103 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of American Water Works during the third quarter valued at approximately $33,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $35,000. Finally, Key Financial Inc increased its position in shares of American Water Works by 266.7% during the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AWK. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI downgraded 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.

Insider Buying and Selling

In related news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 in the company, valued at $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Trading Up 0.5 %

Shares of AWK stock opened at $119.86 on Wednesday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-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 firm’s 50 day moving average is $119.20 and its 200 day moving average is $124.22. The stock has a market capitalization of $23.35 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.83 and a beta of 0.63.

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

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.