Thrivent Financial for Lutherans Sells 58,502 Shares of American Water Works Company, Inc. (NYSE:AWK)

Thrivent Financial for Lutherans cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 48.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,072 shares of the utilities provider’s stock after selling 58,502 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Water Works were worth $7,925,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. IHT Wealth Management LLC lifted its stake in shares of American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after buying an additional 76 shares during the last quarter. Brookfield Corp ON lifted its holdings in American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after purchasing an additional 89 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 89 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares in the last quarter. Finally, Glenview Trust co increased its position in American Water Works by 1.9% during the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 93 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price target 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. Finally, StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Stock Performance

NYSE AWK opened at $140.90 on Monday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The firm has a market capitalization of $27.47 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm’s 50 day simple moving average is $131.33 and its 200 day simple moving average is $134.44.

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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

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.