Wellington Management Group LLP Trims Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Wellington Management Group LLP lessened its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 26.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 140,219 shares of the utilities provider's stock after selling 50,754 shares during the period. Wellington Management Group LLP owned 0.07% of American Water Works worth $17,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Crews Bank & Trust bought a new stake in shares of American Water Works in the 4th quarter valued at approximately $26,000. Providence First Trust Co purchased a new position in American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in American Water Works in the 4th quarter worth about $47,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Up 1.1 %

Shares of American Water Works stock traded up $1.58 on Monday, reaching $147.67. The stock had a trading volume of 95,203 shares, compared to its average volume of 1,553,971. The stock has a market capitalization of $28.80 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.80 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. 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 50 day moving average price of $137.81 and a 200 day moving average price of $134.14.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Wells Fargo & Company boosted 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 research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.