Amica Retiree Medical Trust Sells 257 Shares of American Water Works Company, Inc. (NYSE:AWK)

Amica Retiree Medical Trust reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,965 shares of the utilities provider’s stock after selling 257 shares during the period. Amica Retiree Medical Trust’s holdings in American Water Works were worth $369,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in 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 valued at $395,180,000 after acquiring an additional 1,736,258 shares in the last quarter. Groupama Asset Managment lifted its position in shares of American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares in the last quarter. Raymond James Financial Inc. purchased a new position in American Water Works during the fourth quarter worth about $71,120,000. Amundi grew its position in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after purchasing an additional 477,411 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after buying an additional 391,166 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE:AWK opened at $141.04 on Thursday. The firm has a market capitalization of $27.50 billion, a PE ratio of 26.17, a P/E/G ratio of 2.80 and a beta of 0.69. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $132.39 and a two-hundred day moving average price of $134.42. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07.

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 analysts’ consensus estimates of $1.13 by $0.09. The business 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 analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AWK. Wells Fargo & Company upped their target price on 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 cut American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.