Bailard Inc. Has $993,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Bailard Inc. cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,520 shares of the utilities provider’s stock after selling 1,233 shares during the period. Bailard Inc.’s holdings in American Water Works were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Diversified LLC lifted its holdings in American Water Works by 3.2% during the fourth quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 80 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 83 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of American Water Works by 1.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock valued at $762,000 after purchasing an additional 91 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of American Water Works by 0.5% in the third quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock valued at $2,590,000 after purchasing an additional 94 shares in the last quarter. Finally, MV Capital Management Inc. lifted its holdings in shares of American Water Works by 110.8% in 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. 86.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’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 transaction, the executive vice president now owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $120.78 on Friday. The business’s 50 day moving average price is $119.13 and its two-hundred day moving average price is $124.18. The company has a market cap of $23.53 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $151.24.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. On average, analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.