Envestnet Asset Management Inc. Sells 23,763 Shares of American Water Works Company, Inc. (NYSE:AWK)

Envestnet Asset Management Inc. trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 672,457 shares of the utilities provider's stock after selling 23,763 shares during the quarter. Envestnet Asset Management Inc. owned about 0.35% of American Water Works worth $83,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Resona Asset Management Co. Ltd. bought a new position in shares of American Water Works in the fourth quarter worth approximately $7,255,000. Smith Moore & CO. lifted its holdings in shares of American Water Works by 6.3% during the 4th quarter. Smith Moore & CO. now owns 5,869 shares of the utilities provider's stock worth $731,000 after acquiring an additional 349 shares during the last quarter. Prudential PLC lifted its holdings in shares of American Water Works by 186.4% during the 4th quarter. Prudential PLC now owns 17,450 shares of the utilities provider's stock worth $2,172,000 after acquiring an additional 11,357 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in American Water Works by 6.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 2,206 shares of the utilities provider's stock valued at $274,000 after acquiring an additional 141 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its position in American Water Works by 14.4% during the fourth quarter. OneAscent Financial Services LLC now owns 1,709 shares of the utilities provider's stock valued at $213,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on AWK. Wells Fargo & Company upped their price objective on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased 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. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $141.86.

American Water Works Trading Up 1.1 %

Shares of NYSE:AWK traded up $1.59 during trading on Monday, reaching $147.68. 210,135 shares of the company traded hands, compared to its average volume of 1,556,399. 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 52-week low of $113.34 and a 52-week high of $155.50. The business's fifty day moving average is $137.81 and its 200-day moving average is $134.14. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.80 and a beta of 0.68.

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. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. As a group, analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works 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.