Magellan Asset Management Ltd Has $19.88 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Magellan Asset Management Ltd cut its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 74.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,718 shares of the utilities provider's stock after selling 471,737 shares during the quarter. Magellan Asset Management Ltd owned approximately 0.08% of American Water Works worth $19,883,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AWK. FMR LLC boosted its stake in American Water Works by 11.5% during the third quarter. FMR LLC now owns 353,641 shares of the utilities provider's stock worth $51,716,000 after buying an additional 36,424 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of American Water Works in the third quarter valued at about $1,244,000. Investment Management Corp of Ontario boosted its holdings in shares of American Water Works by 51.6% in the third quarter. Investment Management Corp of Ontario now owns 6,466 shares of the utilities provider's stock valued at $946,000 after acquiring an additional 2,200 shares in the last quarter. IHT Wealth Management LLC grew its holdings in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after acquiring an additional 76 shares during the period. Finally, Resurgent Financial Advisors LLC lifted its stake in shares of American Water Works by 21.2% in the third quarter. Resurgent Financial Advisors LLC now owns 3,364 shares of the utilities provider's stock valued at $492,000 after purchasing an additional 588 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. reduced 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 report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their target price on American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $141.86.

American Water Works Stock Performance

AWK traded up $1.26 on Tuesday, hitting $143.62. The company had a trading volume of 1,096,837 shares, compared to its average volume of 1,522,783. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $155.50. 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 stock has a market cap of $28.01 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company's fifty day moving average price is $135.80 and its 200 day moving average price is $134.23.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.11 billion. Equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share 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.