Westpac Banking Corp Has $338,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Westpac Banking Corp lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 60.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,717 shares of the utilities provider’s stock after selling 4,085 shares during the quarter. Westpac Banking Corp’s holdings in American Water Works were worth $338,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Crews Bank & Trust bought a new position in American Water Works in the fourth quarter worth $26,000. Providence First Trust Co bought a new stake in American Water Works in the 4th quarter valued at $27,000. Whipplewood Advisors LLC acquired a new position in shares of American Water Works in the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC lifted 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 worth $36,000 after acquiring an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in shares of American Water Works during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 3.0 %

Shares of AWK opened at $147.36 on Friday. The business’s 50 day simple moving average is $135.56 and its 200-day simple moving average is $134.49. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50. The company has a market capitalization of $28.74 billion, a P/E ratio of 27.34, a PEG ratio of 2.80 and a beta of 0.68. 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 posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side 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 subject of several recent research reports. Wells Fargo & Company increased their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.