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

Magellan Asset Management Ltd lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 74.7% during the fourth quarter, HoldingsChannel reports. The firm owned 159,718 shares of the utilities provider’s stock after selling 471,737 shares during the period. Magellan Asset Management Ltd’s holdings in American Water Works were worth $19,883,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AWK. Arete Wealth Advisors LLC grew its position in shares of American Water Works by 6.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 2,206 shares of the utilities provider’s stock worth $274,000 after buying an additional 141 shares in the last quarter. OneAscent Financial Services LLC grew its holdings in American Water Works by 14.4% during the 4th quarter. OneAscent Financial Services LLC now owns 1,709 shares of the utilities provider’s stock worth $213,000 after acquiring an additional 215 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of American Water Works in the 4th quarter worth about $493,000. Lokken Investment Group LLC raised its stake in shares of American Water Works by 2.0% in the 4th quarter. Lokken Investment Group LLC now owns 8,318 shares of the utilities provider’s stock valued at $1,036,000 after purchasing an additional 164 shares in the last quarter. Finally, Boston Family Office LLC raised its stake in shares of American Water Works by 19.1% in the 4th quarter. Boston Family Office LLC now owns 7,066 shares of the utilities provider’s stock valued at $880,000 after purchasing an additional 1,131 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK stock opened at $146.24 on Thursday. The stock’s fifty day moving average is $134.44 and its two-hundred day moving average is $134.38. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective 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 lowered 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. reduced their price target 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 assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus price target 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.