ClearBridge Investments Ltd Sells 366 Shares of American Water Works Company, Inc. (NYSE:AWK)

ClearBridge Investments Ltd reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,186 shares of the utilities provider’s stock after selling 366 shares during the period. American Water Works makes up approximately 0.0% of ClearBridge Investments Ltd’s investment portfolio, making the stock its 26th biggest position. ClearBridge Investments Ltd’s holdings in American Water Works were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Crews Bank & Trust bought a new stake in shares of American Water Works during the 4th quarter worth $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in American Water Works in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $146.28 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. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The company has a fifty day moving average of $133.12 and a 200-day moving average of $134.39. The firm has a market capitalization of $28.52 billion, a P/E ratio of 27.14, a P/E/G 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 (EPS) 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. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AWK shares. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Wells Fargo & Company boosted their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their price objective 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 given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.