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

FIL Ltd reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,095 shares of the utilities provider's stock after selling 23,026 shares during the period. FIL Ltd owned approximately 0.12% of American Water Works worth $28,769,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in shares of American Water Works in the 4th quarter worth approximately $26,000. Providence First Trust Co purchased a new position in shares of American Water Works in the fourth quarter valued at $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in American Water Works during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AWK. Wells Fargo & Company upped their target price on American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered their target price 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. Finally, StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.86.

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American Water Works Stock Up 0.5 %

Shares of AWK stock traded up $0.74 during trading hours on Wednesday, reaching $147.62. The company had a trading volume of 288,906 shares, compared to its average volume of 1,233,926. The stock's fifty day simple moving average is $138.77 and its 200 day simple moving average is $134.26. The company has a market capitalization of $28.79 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.