Whittier Trust Co. of Nevada Inc. Sells 7,610 Shares of American Water Works Company, Inc. (NYSE:AWK)

Whittier Trust Co. of Nevada Inc. reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 24.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,018 shares of the utilities provider’s stock after selling 7,610 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in American Water Works were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after buying an additional 214,082 shares during the period. Geode Capital Management LLC grew its holdings in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares in the last quarter. Amundi grew its holdings in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after purchasing an additional 477,411 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Water Works by 120.7% during the 4th 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. Finally, Nordea Investment Management AB grew 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 worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AWK shares. JPMorgan Chase & Co. decreased their price objective on 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 lowered American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Price Performance

American Water Works stock opened at $140.90 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The firm has a market cap of $27.47 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69. The business’s fifty day moving average is $131.33 and its two-hundred day moving average is $134.57.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

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.