American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 469,681 shares of the utilities provider’s stock after selling 75,047 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.24% of American Water Works worth $58,471,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its position in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 76 shares during the last quarter. Brookfield Corp ON increased its holdings in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 89 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of American Water Works by 4.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after buying an additional 89 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in American Water Works by 29.0% in the fourth 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. Finally, Glenview Trust co grew its position in American Water Works by 1.9% in the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 93 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Up 1.5 %

Shares of AWK stock opened at $143.24 on Friday. The stock has a market capitalization of $27.92 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company has a 50 day moving average price of $132.73 and a 200 day moving average price of $134.49.

American Water Works (NYSE:AWK) last posted 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 return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analyst Ratings Changes

AWK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company upped their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Finally, StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. 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 company. According to data from MarketBeat.com, the company 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.