Rockefeller Capital Management L.P. Sells 43,365 Shares of American Water Works Company, Inc. (NYSE:AWK)

Rockefeller Capital Management L.P. lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 17.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,204 shares of the utilities provider’s stock after selling 43,365 shares during the period. Rockefeller Capital Management L.P. owned 0.11% of American Water Works worth $25,670,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AWK. Vanguard Group Inc. boosted its position in shares of American Water Works by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider’s stock valued at $3,125,598,000 after acquiring an additional 217,582 shares during the last quarter. Geode Capital Management LLC raised its stake in American Water Works by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider’s stock valued at $579,981,000 after purchasing an additional 106,857 shares in the last quarter. Amundi lifted its position in American Water Works by 11.9% during 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 last quarter. Victory Capital Management Inc. grew its stake 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 worth $395,180,000 after buying an additional 1,736,258 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of American Water Works by 15.2% in the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider’s stock worth $391,205,000 after buying an additional 414,568 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AWK. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Friday, April 4th. Wells Fargo & Company upped their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective 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 research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Trading Up 2.0 %

Shares of AWK stock opened at $146.06 on Monday. The business has a 50-day moving average of $137.81 and a 200 day moving average of $134.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $155.50. The stock has a market capitalization of $28.48 billion, a PE ratio of 27.10, a P/E/G ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current 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.