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

AGF Management Ltd. trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 91.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,044 shares of the utilities provider’s stock after selling 21,447 shares during the period. AGF Management Ltd.’s holdings in American Water Works were worth $254,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AWK. Crews Bank & Trust acquired a new stake in American Water Works during the 4th quarter valued at $26,000. Providence First Trust Co acquired a new stake in American Water Works during the 4th quarter valued at $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC bought a new position in American Water Works during the 4th quarter valued at $48,000. Finally, Rosenberg Matthew Hamilton boosted its stake in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on AWK. 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. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company increased 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works Trading Up 1.3 %

American Water Works stock opened at $144.43 on Friday. The firm’s 50-day moving average is $129.24 and its 200-day moving average is $134.50. 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. The company has a market cap of $28.16 billion, a P/E ratio of 26.80, a PEG 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 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. On average, equities analysts expect 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.