First National Corp MA ADV Has $5.50 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

First National Corp MA ADV cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 41,630 shares of the utilities provider’s stock after selling 4,042 shares during the period. American Water Works comprises 1.3% of First National Corp MA ADV’s investment portfolio, making the stock its 22nd largest position. First National Corp MA ADV’s holdings in American Water Works were worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AWK. PFG Investments LLC grew its stake in shares of American Water Works by 3.0% in the fourth quarter. PFG Investments LLC now owns 9,321 shares of the utilities provider’s stock worth $1,230,000 after purchasing an additional 275 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock valued at $63,803,000 after buying an additional 477,235 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at about $326,000. Pacer Advisors Inc. raised its position in shares of American Water Works by 195.5% during the fourth quarter. Pacer Advisors Inc. now owns 36,089 shares of the utilities provider’s stock worth $4,763,000 after acquiring an additional 23,876 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in American Water Works by 8.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 88,113 shares of the utilities provider’s stock valued at $11,630,000 after acquiring an additional 6,912 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the business’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 of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

American Water Works Trading Up 3.1 %

NYSE:AWK opened at $121.50 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. American Water Works Company, Inc. has a one year low of $114.25 and a one year high of $153.43. The company has a market cap of $23.66 billion, a PE ratio of 24.85, a PEG ratio of 2.91 and a beta of 0.63. The firm has a 50-day moving average of $121.20 and a 200-day moving average of $125.81.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. American Water Works’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.23 EPS for the current fiscal 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.