Northwest & Ethical Investments L.P. Sells 58,182 Shares of American Water Works Company, Inc. (NYSE:AWK)

Northwest & Ethical Investments L.P. cut its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,729 shares of the utilities provider's stock after selling 58,182 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.06% of American Water Works worth $15,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in American Water Works in the 4th quarter worth approximately $26,000. Providence First Trust Co bought a new stake in shares of American Water Works in the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in American Water Works during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in American Water Works by 54.2% in the fourth 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 period. Finally, Flagship Wealth Advisors LLC purchased a new position in American Water Works in the fourth quarter worth about $47,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE AWK traded down $1.42 during midday trading on Monday, reaching $139.71. The stock had a trading volume of 1,093,088 shares, compared to its average volume of 1,144,764. 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 12-month low of $113.34 and a 12-month high of $152.07. The stock has a 50-day moving average of $131.71 and a 200-day moving average of $134.41. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

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American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on AWK shares. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company upped their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. Finally, StockNews.com downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of "Hold" and a consensus target price of $141.86.

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.