American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,148 shares of the utilities provider's stock after selling 2,235 shares during the quarter. Corebridge Financial Inc.'s holdings in American Water Works were worth $5,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Groupama Asset Managment raised its stake in American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock valued at $104,000 after buying an additional 695,474 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American Water Works during the 4th quarter worth about $71,120,000. Amundi boosted its position in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after acquiring an additional 477,411 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock valued at $66,868,000 after acquiring an additional 391,166 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

AWK stock traded up $5.77 on Thursday, hitting $151.96. The company's stock had a trading volume of 2,764,778 shares, compared to its average volume of 1,213,665. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The firm has a 50 day moving average of $135.04 and a two-hundred day moving average of $134.50. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $154.06.

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

Analyst Ratings Changes

Several research firms recently weighed in on AWK. StockNews.com cut American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $141.86.

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.