Westpac Banking Corp Sells 4,085 Shares of American Water Works Company, Inc. (NYSE:AWK)

Westpac Banking Corp cut its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 60.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,717 shares of the utilities provider's stock after selling 4,085 shares during the period. Westpac Banking Corp's holdings in American Water Works were worth $338,000 as of its most recent filing with the SEC.

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

American Water Works Stock Performance

Shares of AWK traded up $2.31 on Thursday, reaching $141.31. 606,288 shares of the company's stock traded hands, compared to its average volume of 1,238,761. The stock's 50 day simple moving average is $137.01 and its two-hundred day simple moving average is $134.20. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $155.50. The stock has a market cap of $27.56 billion, a PE ratio of 26.16, a PEG ratio of 2.80 and a beta of 0.68.

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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 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. The company 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%. On average, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered 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 research note on Tuesday, January 28th. Finally, Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. Two investment 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 stock currently has a consensus rating of "Hold" and a consensus 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.