Haverford Trust Co Sells 1,104 Shares of American Water Works Company, Inc. (NYSE:AWK)

Haverford Trust Co cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 23.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,610 shares of the utilities provider’s stock after selling 1,104 shares during the quarter. Haverford Trust Co’s holdings in American Water Works were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust purchased a new position in shares of American Water Works in the fourth quarter worth approximately $26,000. Providence First Trust Co purchased a new position in shares of American Water Works during the 4th quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake in shares of American Water Works by 54.2% in 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 in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in American Water Works in the 4th quarter worth $47,000. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AWK. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. 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 note on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works Stock Down 0.3 %

Shares of AWK opened at $139.32 on Wednesday. The business’s 50 day moving average is $132.04 and its 200 day moving average is $134.38. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.07. The company has a market capitalization of $27.16 billion, a PE ratio of 25.85, a price-to-earnings-growth 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 (EPS) 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. Research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.