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

Wells Fargo & Company MN trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing 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 period. Wells Fargo & Company MN’s holdings in American Water Works were worth $176,738,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AWK. Crews Bank & Trust purchased a new position in American Water Works in the fourth quarter worth $26,000. Providence First Trust Co purchased a new position in shares of American Water Works in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in American Water Works during the fourth quarter worth about $47,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE AWK opened at $147.36 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.39 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 $155.50. The business has a fifty day moving average of $135.56 and a 200-day moving average of $134.38. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK) last posted its quarterly earnings data 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 firm had revenue of $1.20 billion during 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%. As a group, analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AWK shares. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Friday. 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 report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered 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. Two 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. Based on data from MarketBeat.com, the company presently has an average 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.