American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,153 shares of the utilities provider’s stock after selling 2,222 shares during the period. Royal London Asset Management Ltd. owned approximately 0.13% of American Water Works worth $31,888,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IHT Wealth Management LLC increased its stake in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the period. Brookfield Corp ON increased its stake 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 acquiring an additional 89 shares during the period. Bleakley Financial Group LLC raised its holdings in 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. Rosenberg Matthew Hamilton lifted its position in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 90 shares during the period. Finally, Glenview Trust co boosted its holdings in American Water Works by 1.9% in the 4th quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock valued at $621,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.3 %

Shares of AWK stock opened at $141.68 on Friday. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. 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 business has a fifty day simple moving average of $130.94 and a 200-day simple moving average of $134.59. The stock has a market cap of $27.62 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AWK shares. Wells Fargo & Company increased their target price on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. 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 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.