EFG Asset Management Americas Corp. Sells 27,153 Shares of American Water Works Company, Inc. (NYSE:AWK)

EFG Asset Management Americas Corp. lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 54.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,810 shares of the utilities provider's stock after selling 27,153 shares during the quarter. EFG Asset Management Americas Corp.'s holdings in American Water Works were worth $2,840,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AWK. IHT Wealth Management LLC boosted its holdings in shares of American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock valued at $938,000 after purchasing an additional 76 shares during the last quarter. Assetmark Inc. boosted its stake in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after buying an additional 89 shares during the last quarter. Brookfield Corp ON grew its holdings in American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider's stock valued at $4,768,000 after buying an additional 89 shares in the last quarter. Bleakley Financial Group LLC increased its stake in American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock worth $250,000 after acquiring an additional 89 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock worth $50,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AWK shares. Wells Fargo & Company upped their price target on shares of American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of "Hold" and a consensus price target of $140.57.

American Water Works Trading Down 3.9 %

Shares of AWK traded down $5.80 during mid-day trading on Tuesday, reaching $143.51. 1,772,144 shares of the company's stock traded hands, compared to its average volume of 1,436,136. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. 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 stock has a market cap of $27.98 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.80 and a beta of 0.69. The stock's 50-day moving average is $127.74 and its two-hundred day moving average is $134.40.

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