American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,176 shares of the utilities provider’s stock after selling 4,493 shares during the quarter. Maryland State Retirement & Pension System owned about 0.09% of American Water Works worth $21,310,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. IHT Wealth Management LLC lifted its position in shares of American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 76 shares in the last quarter. Assetmark Inc. lifted its position in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares in the last quarter. Brookfield Corp ON lifted its position in shares of American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.1 %

AWK stock opened at $144.67 on Wednesday. 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 twelve month low of $113.34 and a twelve month high of $152.07. The company’s 50 day moving average is $130.16 and its two-hundred day moving average is $134.49. The stock has a market cap of $28.20 billion, a P/E ratio of 26.84, a PEG 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 for the quarter, topping analysts’ consensus estimates 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 company 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.

Wall Street Analysts Forecast Growth

AWK has been the topic of several analyst reports. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Wells Fargo & Company raised their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reduced 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 report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.86.

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.