American Water Works Company, Inc. (NYSE:AWK) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,213 shares of the utilities provider’s stock after selling 211 shares during the period. IHT Wealth Management LLC’s holdings in American Water Works were worth $773,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in American Water Works in the fourth quarter valued at $294,524,000. Victory Capital Management Inc. grew its stake in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the period. Raymond James Financial Inc. acquired a new position in shares of American Water Works in the 4th quarter valued at $71,120,000. Amundi raised its position in shares of American Water Works by 11.9% in the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after acquiring an additional 477,411 shares during the period. Finally, Invesco Ltd. grew its position in shares of American Water Works by 15.2% during the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider’s stock valued at $391,205,000 after acquiring an additional 414,568 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.8 %

NYSE:AWK opened at $145.97 on Friday. 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 firm has a market cap of $28.47 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The stock has a fifty day moving average price of $141.94 and a 200 day moving average price of $134.51. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $1.11 billion. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Friday, April 4th. Barclays assumed coverage on American Water Works in a report on Tuesday. They set an “underweight” rating and a $138.00 target price for the company. UBS Group reiterated a “neutral” rating and set a $160.00 price target on shares of American Water Works in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $142.00.

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.