Sigma Planning Corp Decreases Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Sigma Planning Corp trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 44.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,662 shares of the utilities provider’s stock after selling 5,226 shares during the period. Sigma Planning Corp’s holdings in American Water Works were worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brookstone Capital Management raised its holdings in shares of American Water Works by 4.8% during the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 83 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of American Water Works by 1.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 91 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of American Water Works by 0.5% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock worth $2,590,000 after acquiring an additional 94 shares in the last quarter. Presima Securities ULC raised its holdings in shares of American Water Works by 1.9% during the 3rd quarter. Presima Securities ULC now owns 5,370 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE:AWK opened at $119.86 on Wednesday. The stock’s fifty day moving average is $119.20 and its 200 day moving average is $124.22. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.99. The firm has a market capitalization of $23.35 billion, a PE ratio of 24.51, a PEG ratio of 2.83 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.81 EPS. American Water Works’s quarterly revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction 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 sale, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several recent research reports. 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 decreased their price target for the company from $160.00 to $135.00 in a report on Friday, February 16th.

About American Water Works

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.