Royal Bank of Canada reduced its stake in American Water Works (NYSE:AWK) by 30.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,255,719 shares of the company’s stock after selling 556,163 shares during the period. Royal Bank of Canada owned about 0.71% of American Water Works worth $86,558,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in American Water Works by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 12,880,704 shares of the company’s stock valued at $769,622,000 after buying an additional 373,086 shares in the last quarter. RobecoSam USA Inc. increased its stake in American Water Works by 6.7% in the fourth quarter. RobecoSam USA Inc. now owns 46,020 shares of the company’s stock valued at $2,749,000 after buying an additional 2,882 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in American Water Works by 3.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 54,982 shares of the company’s stock valued at $3,285,000 after buying an additional 2,040 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in American Water Works by 9.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,147 shares of the company’s stock valued at $1,383,000 after buying an additional 1,980 shares in the last quarter. Finally, Morgan Stanley increased its stake in American Water Works by 19.1% in the fourth quarter. Morgan Stanley now owns 1,386,164 shares of the company’s stock valued at $82,823,000 after buying an additional 222,749 shares in the last quarter.
American Water Works (NYSE:AWK) traded down 0.79% during trading on Wednesday, reaching $81.58. 1,033,813 shares of the company traded hands. The company has a market cap of $14.50 billion and a PE ratio of 30.66. The company’s 50-day moving average is $80.67 and its 200 day moving average is $71.76. American Water Works has a 12 month low of $50.16 and a 12 month high of $85.24.
AWK has been the subject of several recent research reports. US Capital Advisors reissued a “hold” rating on shares of American Water Works in a research report on Tuesday, April 19th. Barclays PLC boosted their target price on shares of American Water Works from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 6th. Argus initiated coverage on shares of American Water Works in a research report on Friday, June 24th. They issued a “buy” rating and a $88.00 target price for the company. Bank of America Corp. reissued a “buy” rating on shares of American Water Works in a research report on Tuesday, May 24th. Finally, Boenning Scattergood cut shares of American Water Works from an “outperform” rating to a “neutral” rating in a research note on Monday, June 6th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. American Water Works presently has a consensus rating of “Hold” and an average target price of $76.50.
In other news, COO Walter Lynch sold 37,995 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.39, for a total transaction of $2,826,448.05. Following the completion of the transaction, the chief operating officer now directly owns 102,759 shares of the company’s stock, valued at approximately $7,644,242.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deborah A. Degillio sold 1,866 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $74.30, for a total transaction of $138,643.80. Following the transaction, the vice president now directly owns 3,145 shares of the company’s stock, valued at $233,673.50. The disclosure for this sale can be found here.
American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.
