PGGM Investments Has $21.63 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

PGGM Investments grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,860 shares of the utilities provider’s stock after purchasing an additional 15,651 shares during the quarter. PGGM Investments owned approximately 0.08% of American Water Works worth $21,628,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates raised its position in shares of American Water Works by 3.9% during the fourth quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after acquiring an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of American Water Works by 7,752.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after acquiring an additional 477,235 shares during the last quarter. Covea Finance raised its position in shares of American Water Works by 20.4% during the fourth quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after acquiring an additional 47,200 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of American Water Works by 27.8% during the third quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after acquiring an additional 17,834 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of American Water Works during the fourth quarter worth about $1,207,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Down 0.6 %

Shares of NYSE:AWK traded down $0.77 during mid-day trading on Friday, hitting $120.78. 1,058,519 shares of the company traded hands, compared to its average volume of 1,399,517. The stock has a market cap of $23.53 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.90 and a beta of 0.63. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.24. The stock has a 50-day moving average price of $119.13 and a two-hundred day moving average price of $124.18.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping 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 business 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. The business’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the transaction, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI downgraded 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 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.