American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,176 shares of the utilities provider's stock after selling 4,493 shares during the quarter. Maryland State Retirement & Pension System owned approximately 0.09% of American Water Works worth $21,310,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crews Bank & Trust bought a new stake in shares of American Water Works in the 4th quarter valued at about $26,000. Providence First Trust Co bought a new position in shares of American Water Works during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of American Water Works by 54.2% during the 4th 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 position in shares of American Water Works during the 4th quarter worth approximately $47,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of AWK stock traded down $0.91 during trading hours on Friday, hitting $140.90. The company's stock had a trading volume of 2,605,712 shares, compared to its average volume of 1,144,972. The company has a 50 day moving average of $131.33 and a 200 day moving average of $134.51. The stock has a market cap of $27.47 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. 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 12-month low of $113.34 and a 12-month high of $152.07.

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American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results 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. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Finally, StockNews.com downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average 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.