American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lowered its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,837 shares of the utilities provider's stock after selling 3,605 shares during the quarter. Patten & Patten Inc. TN's holdings in American Water Works were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AWK. Victory Capital Management Inc. grew its position in American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock valued at $395,180,000 after acquiring an additional 1,736,258 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock worth $104,000 after purchasing an additional 695,474 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of American Water Works in the fourth quarter worth about $71,120,000. Amundi increased its stake in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after buying an additional 477,411 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in American Water Works by 268.0% during the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock valued at $66,868,000 after buying an additional 391,166 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

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American Water Works Stock Down 0.3 %

Shares of AWK traded down $0.37 during trading hours on Thursday, hitting $141.68. The company had a trading volume of 1,387,196 shares, compared to its average volume of 1,447,755. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $27.62 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07. The company's fifty day moving average price is $130.55 and its two-hundred day moving average price is $134.54.

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. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations 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, equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AWK. StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday. Wells Fargo & Company raised 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. Finally, JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of "Hold" and a consensus target price of $141.86.

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.