Northwest & Ethical Investments L.P. Has $15.28 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Northwest & Ethical Investments L.P. decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,729 shares of the utilities provider’s stock after selling 58,182 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.06% of American Water Works worth $15,279,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

AWK has been the subject of several analyst reports. Wells Fargo & Company raised 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. JPMorgan Chase & Co. lowered their price objective 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. Finally, StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Performance

Shares of American Water Works stock opened at $142.18 on Thursday. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69. The business has a 50-day simple moving average of $130.55 and a 200 day simple moving average of $134.54. 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 (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.