Wells Fargo & Company MN Trims Position in American Water Works Company, Inc. (NYSE:AWK)

Wells Fargo & Company MN cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,419,698 shares of the utilities provider’s stock after selling 53,383 shares during the period. Wells Fargo & Company MN owned 0.73% of American Water Works worth $176,738,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of American Water Works in the fourth quarter valued at $294,524,000. Victory Capital Management Inc. grew its position in American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock valued at $395,180,000 after acquiring an additional 1,736,258 shares in the last quarter. Groupama Asset Managment increased its stake in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 695,474 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of American Water Works during the fourth quarter worth about $71,120,000. Finally, Amundi boosted its stake in shares of American Water Works by 11.9% in the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after purchasing an additional 477,411 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of a number of research reports. JPMorgan Chase & Co. reduced 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 report on Tuesday, January 28th. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Trading Down 3.0 %

AWK opened at $147.36 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50. The company has a market cap of $28.74 billion, a P/E ratio of 27.34, a PEG ratio of 2.80 and a beta of 0.68. The business’s 50-day simple moving average is $135.56 and its 200-day simple moving average is $134.38.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

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.