Mark Sheptoff Financial Planning LLC Sells 300 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mark Sheptoff Financial Planning LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,890 shares of the utilities provider’s stock after selling 300 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in American Water Works were worth $1,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its position in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after buying an additional 76 shares during the period. Brookfield Corp ON boosted its position in American Water Works by 0.3% during 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 during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of American Water Works by 4.6% in the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of American Water Works by 29.0% in 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 in the last quarter. Finally, Glenview Trust co boosted its holdings in American Water Works by 1.9% during 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 last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on AWK shares. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, American Water Works has an average rating of “Hold” and an average price target of $141.86.

American Water Works Stock Performance

Shares of NYSE AWK opened at $139.32 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The stock has a 50 day moving average of $132.04 and a 200-day moving average 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. The company has a market capitalization of $27.16 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share 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 predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.