Whittier Trust Co. Has $5.75 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

Whittier Trust Co. decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 31.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,148 shares of the utilities provider’s stock after selling 21,335 shares during the period. Whittier Trust Co.’s holdings in American Water Works were worth $5,745,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after acquiring an additional 125,128 shares during the last quarter. Sovran Advisors LLC bought a new stake in American Water Works during the 4th quarter valued at approximately $277,000. M&T Bank Corp boosted its stake in American Water Works by 3.3% during the 4th quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock valued at $8,123,000 after purchasing an additional 2,113 shares during the period. Czech National Bank boosted its stake in American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 2,562 shares during the period. Finally, Swedbank AB boosted its stake in American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after purchasing an additional 42,094 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock opened at $141.68 on Friday. The stock has a 50 day moving average of $130.94 and a two-hundred day moving average of $134.59. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a market capitalization of $27.62 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced 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 during the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on AWK. Wells Fargo & Company increased their target price on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works 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.