American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,419,698 shares of the utilities provider's stock after selling 53,383 shares during the quarter. Wells Fargo & Company MN owned about 0.73% of American Water Works worth $176,738,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AWK. Nordea Investment Management AB lifted its holdings in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider's stock worth $300,739,000 after acquiring an additional 125,128 shares during the last quarter. Sovran Advisors LLC acquired a new position in American Water Works during the fourth quarter worth $277,000. M&T Bank Corp boosted its position in shares of American Water Works by 3.3% during the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider's stock worth $8,123,000 after buying an additional 2,113 shares during the period. Czech National Bank grew its stake in shares of American Water Works by 6.5% in the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider's stock valued at $5,261,000 after buying an additional 2,562 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in American Water Works during the 4th quarter worth about $1,783,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price objective on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $141.86.

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American Water Works Stock Performance

AWK stock traded up $1.72 on Friday, hitting $144.87. The company's stock had a trading volume of 373,619 shares, compared to its average volume of 1,236,384. 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 current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The firm has a 50 day moving average of $137.36 and a two-hundred day moving average of $134.19.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The firm 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%. Equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

About American Water Works

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.