Mark Sheptoff Financial Planning LLC Has $1.36 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Mark Sheptoff Financial Planning LLC lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,890 shares of the utilities provider’s stock after selling 300 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in American Water Works were worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Crews Bank & Trust acquired a new position in American Water Works in the fourth quarter valued at about $26,000. Providence First Trust Co bought a new position in American Water Works in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in shares of American Water Works in the 4th quarter valued at $47,000. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their target price on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Performance

Shares of American Water Works stock opened at $139.32 on Wednesday. The stock has a market cap of $27.16 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The company’s fifty day moving average is $132.04 and its 200 day moving average is $134.38. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.