American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,083,882 shares of the utilities provider's stock after selling 275,743 shares during the period. Legal & General Group Plc owned 1.58% of American Water Works worth $383,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in American Water Works by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock worth $3,125,598,000 after acquiring an additional 217,582 shares during the period. Geode Capital Management LLC grew its holdings in shares of American Water Works by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock worth $579,981,000 after purchasing an additional 106,857 shares during the period. Amundi increased its position in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after purchasing an additional 477,411 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in American Water Works by 15.2% in the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider's stock valued at $391,205,000 after buying an additional 414,568 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

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Analyst Ratings Changes

Several research analysts have weighed in on AWK shares. JPMorgan Chase & Co. dropped their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Finally, Wells Fargo & Company boosted their target price on American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $141.86.

American Water Works Stock Up 2.0 %

American Water Works stock traded up $2.91 during mid-day trading on Friday, reaching $146.06. 1,548,978 shares of the company's stock were exchanged, compared to its average volume of 1,239,784. The company has a fifty day moving average of $137.81 and a 200-day moving average of $134.14. The company has a market cap of $28.48 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.80 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. 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 earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.