American Water Works Company, Inc. (NYSE:AWK) Stake Lowered by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 324,480 shares of the utilities provider’s stock after selling 507 shares during the period. American Water Works accounts for 1.0% of Trillium Asset Management LLC’s holdings, making the stock its 22nd biggest position. Trillium Asset Management LLC’s holdings in American Water Works were worth $40,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Crews Bank & Trust purchased a new position in shares of American Water Works during the 4th quarter valued at $26,000. Providence First Trust Co purchased a new position in shares of American Water Works during the 4th quarter valued at $27,000. Whipplewood Advisors LLC purchased a new position in shares of American Water Works during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of 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. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $141.86.

American Water Works Stock Down 0.1 %

American Water Works stock opened at $144.67 on Wednesday. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The firm has a fifty day moving average price of $130.16 and a two-hundred day moving average price of $134.49.

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

About American Water Works

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.