American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,557 shares of the utilities provider’s stock after selling 662 shares during the quarter. Moors & Cabot Inc.’s holdings in American Water Works were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AWK. Nordea Investment Management AB increased its position in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares during the last quarter. Sovran Advisors LLC bought a new stake in American Water Works in the fourth quarter valued at about $277,000. M&T Bank Corp raised its stake in American Water Works by 3.3% during the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock valued at $8,123,000 after buying an additional 2,113 shares in the last quarter. Czech National Bank lifted its holdings in American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock worth $5,261,000 after buying an additional 2,562 shares during the last quarter. Finally, Swedbank AB grew its position in shares of American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after acquiring an additional 42,094 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.86.

American Water Works Trading Up 1.3 %

Shares of NYSE:AWK opened at $144.43 on Friday. 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’s 50-day moving average price is $129.24 and its 200 day moving average price is $134.54. The company has a market cap of $28.16 billion, a PE ratio of 26.80, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings results 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. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The company 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 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.