American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,096 shares of the utilities provider's stock after selling 7,845 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of American Water Works worth $24,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Crews Bank & Trust acquired a new stake in American Water Works during the fourth quarter valued at approximately $26,000. Providence First Trust Co bought a new position in shares of American Water Works in the fourth quarter valued at $27,000. Whipplewood Advisors LLC acquired a new stake in shares of American Water Works during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC bought a new stake in shares of American Water Works during the 4th quarter worth $48,000. Finally, Rosenberg Matthew Hamilton boosted its stake 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company raised their target price on shares of American Water Works from $129.00 to $133.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. 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 report on Tuesday, January 28th. Finally, UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and upped their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $140.57.

Remove Ads

American Water Works Price Performance

Shares of AWK opened at $143.51 on Wednesday. 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 market capitalization of $27.98 billion, a price-to-earnings 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 is $128.12 and its 200-day moving average is $134.42. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07.

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 (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 the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.