Wellington Management Group LLP Has $17.46 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Wellington Management Group LLP lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 26.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,219 shares of the utilities provider’s stock after selling 50,754 shares during the period. Wellington Management Group LLP’s holdings in American Water Works were worth $17,456,000 as of its most recent filing with the SEC.

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

American Water Works Stock Down 1.2 %

Shares of American Water Works stock opened at $140.68 on Wednesday. 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 debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The stock’s 50-day moving average is $136.41 and its 200 day moving average is $134.23. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 2.80 and a beta of 0.68.

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. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.