Whittier Trust Co. of Nevada Inc. Has $2.99 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,018 shares of the utilities provider's stock after selling 7,610 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in American Water Works were worth $2,990,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC grew its stake in American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after purchasing an additional 76 shares in the last quarter. Brookfield Corp ON grew its position in shares of American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider's stock worth $4,768,000 after acquiring an additional 89 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock valued at $250,000 after acquiring an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock worth $50,000 after purchasing an additional 90 shares during the last quarter. Finally, Glenview Trust co boosted its holdings in American Water Works by 1.9% in the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider's stock worth $621,000 after purchasing an additional 93 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AWK shares. StockNews.com downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. 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 note on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their price target 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 analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, American Water Works presently has an average rating of "Hold" and an average price target of $141.86.

American Water Works Stock Up 1.4 %

NYSE:AWK traded up $1.88 during trading hours on Wednesday, hitting $141.04. 1,329,801 shares of the stock traded hands, compared to its average volume of 1,147,513. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.80 and a beta of 0.69. The firm has a 50 day moving average price of $132.04 and a 200 day moving average price of $134.38. 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 fifty-two week low of $113.34 and a fifty-two week high of $152.07.

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