Alliancebernstein L.P. Sells 9,885 Shares of American Water Works Company, Inc. (NYSE:AWK)

Alliancebernstein L.P. decreased its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 345,515 shares of the utilities provider's stock after selling 9,885 shares during the quarter. Alliancebernstein L.P. owned 0.18% of American Water Works worth $43,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AWK. Crews Bank & Trust acquired a new position in American Water Works in the fourth quarter valued at about $26,000. Providence First Trust Co acquired a new position in American Water Works in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of American Water Works in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

AWK stock traded up $1.86 during midday trading on Thursday, reaching $140.86. 424,745 shares of the stock were exchanged, compared to its average volume of 1,238,099. The stock has a market capitalization of $27.47 billion, a PE ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The company has a fifty day moving average price of $137.01 and a 200 day moving average price of $134.20. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $155.50.

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American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AWK. StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Wells Fargo & Company increased their price target on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, American Water Works currently has a consensus rating of "Hold" and a consensus target price of $141.86.

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.