Daiwa Securities Group Inc. Has $9.76 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Daiwa Securities Group Inc. grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 159.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,932 shares of the utilities provider’s stock after purchasing an additional 45,470 shares during the period. Daiwa Securities Group Inc.’s holdings in American Water Works were worth $9,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AWK. Raymond James & Associates raised its position in American Water Works by 3.9% in the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock valued at $71,127,000 after buying an additional 20,288 shares during the last quarter. Assenagon Asset Management S.A. increased 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 valued at $63,803,000 after acquiring an additional 477,235 shares during the last quarter. Covea Finance lifted its holdings in 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 period. Natixis Advisors L.P. boosted its position in American Water Works by 27.8% in the third quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after purchasing an additional 17,834 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in American Water Works in the fourth quarter worth about $1,207,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’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 transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of several analyst reports. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Stock Up 1.7 %

Shares of AWK stock opened at $117.33 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.99. The stock’s 50-day simple moving average is $119.36 and its 200-day simple moving average is $124.13. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market capitalization of $22.86 billion, a PE ratio of 23.99, a P/E/G ratio of 2.72 and a beta of 0.63.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Equities analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Company 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.