Cullen Capital Management LLC Has $699,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Cullen Capital Management LLC lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 35.3% during the 4th quarter, Holdings Channel reports. The firm owned 5,617 shares of the utilities provider’s stock after selling 3,062 shares during the quarter. Cullen Capital Management LLC’s holdings in American Water Works were worth $699,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in American Water Works in the fourth quarter valued at about $294,524,000. Victory Capital Management Inc. boosted its holdings in shares of American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after acquiring an additional 1,736,258 shares in the last quarter. Groupama Asset Managment grew its position in American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 695,474 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in American Water Works during the 4th quarter valued at $71,120,000. Finally, Amundi raised its position in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after purchasing an additional 477,411 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 3.0 %

NYSE:AWK opened at $147.36 on Friday. The stock’s fifty day simple moving average is $135.56 and its 200-day simple moving average is $134.38. The firm has a market capitalization of $28.74 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.80 and a beta of 0.68. 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 12-month low of $113.34 and a 12-month high of $155.50.

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, topping the consensus estimate of $1.13 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analysts Set New Price Targets

AWK has been the subject of a number of research reports. Wells Fargo & Company raised their target price on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective on 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. Finally, StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.