PFG Advisors Sells 1,268 Shares of American Water Works Company, Inc. (NYSE:AWK)

PFG Advisors lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,270 shares of the utilities provider’s stock after selling 1,268 shares during the period. PFG Advisors’ holdings in American Water Works were worth $905,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Crews Bank & Trust bought a new stake in American Water Works during the fourth quarter worth about $26,000. Providence First Trust Co bought a new stake in American Water Works during the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works during the fourth quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in American Water Works during the third quarter worth about $51,000. Finally, Assetmark Inc. boosted its stake in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted 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 report on Thursday. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Up 1.2 %

AWK opened at $142.56 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. The firm has a 50 day moving average price of $128.82 and a 200-day moving average price of $134.52. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Equities research analysts forecast 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.