American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,509 shares of the utilities provider’s stock after selling 1,347 shares during the period. Avantax Advisory Services Inc.’s holdings in American Water Works were worth $1,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Crews Bank & Trust bought a new stake in American Water Works during the fourth quarter worth approximately $26,000. Providence First Trust Co bought a new stake in shares of American Water Works during the 4th quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in shares of American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of American Water Works by 31.7% during the third 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. cut their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. 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 boosted their target price 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 issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Stock Up 0.4 %

American Water Works stock opened at $144.86 on Tuesday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month 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 firm has a market cap of $28.24 billion, a PE ratio of 26.88, a P/E/G ratio of 2.80 and a beta of 0.69. The firm’s 50 day moving average price is $129.70 and its two-hundred day moving average price is $134.47.

American Water Works (NYSE:AWK) last posted its quarterly 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 business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS 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.