American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 268,118 shares of the utilities provider's stock after selling 31,863 shares during the period. Jupiter Asset Management Ltd. owned 0.14% of American Water Works worth $33,378,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. Providence First Trust Co acquired a new position in American Water Works during the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its position in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 103 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in American Water Works during the 4th quarter worth $48,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Performance

AWK stock opened at $143.51 on Wednesday. The firm has a market cap of $27.98 billion, a PE ratio of 26.63, a P/E/G ratio of 2.80 and a beta of 0.69. The business's 50-day moving average price is $128.12 and its two-hundred day moving average price is $134.42. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

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

Wall Street Analyst Weigh In

AWK has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company upped their price target on American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and upped their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $140.57.

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.

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