American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 48.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,072 shares of the utilities provider's stock after selling 58,502 shares during the period. Thrivent Financial for Lutherans' holdings in American Water Works were worth $7,925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in American Water Works in the 4th quarter valued at $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in American Water Works in the 4th quarter worth approximately $47,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of NYSE AWK traded up $2.11 during trading on Thursday, reaching $143.24. The stock had a trading volume of 1,346,447 shares, compared to its average volume of 1,146,035. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The stock has a market cap of $27.92 billion, a PE ratio of 26.58, a P/E/G 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 firm's 50 day moving average price is $132.39 and its two-hundred day moving average price is $134.42.

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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 for the quarter, beating 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com cut shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. Wells Fargo & Company boosted their price objective on shares of 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. dropped their target price on 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. Three research 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.com, the company 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.