American Water Works Company, Inc. (NYSE:AWK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624,804 shares of the utilities provider's stock after selling 34,811 shares during the period. PNC Financial Services Group Inc. owned about 0.32% of American Water Works worth $77,782,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in American Water Works by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,796 shares of the utilities provider's stock worth $522,000 after acquiring an additional 262 shares during the last quarter. Andra AP fonden bought a new position in American Water Works in the fourth quarter worth about $822,000. Callan Family Office LLC bought a new position in American Water Works in the fourth quarter worth about $419,000. Lindbrook Capital LLC lifted its holdings in American Water Works by 7.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,561 shares of the utilities provider's stock worth $194,000 after acquiring an additional 112 shares during the last quarter. Finally, Inceptionr LLC bought a new position in American Water Works in the fourth quarter worth about $1,788,000. Institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

Shares of NYSE AWK traded down $2.59 during mid-day trading on Wednesday, reaching $140.84. 1,919,276 shares of the company traded hands, compared to its average volume of 1,446,416. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. 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 firm has a market cap of $27.46 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The stock has a fifty day simple moving average of $128.12 and a 200-day simple moving average of $134.42.

Remove Ads

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS 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 for the quarter, compared to analyst estimates of $1.11 billion. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AWK has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and raised their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped 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 note on Tuesday, January 28th. Finally, StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, American Water Works has an average rating of "Hold" and a consensus price target of $140.57.

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.