Huber Capital Management LLC Sells 1,323 Shares of American Water Works Company, Inc. (NYSE:AWK)

Huber Capital Management LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,668 shares of the utilities provider’s stock after selling 1,323 shares during the quarter. Huber Capital Management LLC’s holdings in American Water Works were worth $332,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on AWK shares. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their target price on 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. Finally, Wells Fargo & Company upped their price target on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target of $141.86.

American Water Works Stock Performance

NYSE:AWK opened at $146.24 on Thursday. The company has a market cap of $28.51 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The stock’s 50 day simple moving average is $134.44 and its two-hundred day simple moving average is $134.38. 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 (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.11 billion. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.