1ST Source Bank Cuts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

1ST Source Bank lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,154 shares of the utilities provider’s stock after selling 214 shares during the period. 1ST Source Bank’s holdings in American Water Works were worth $2,260,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Crews Bank & Trust acquired a new stake in American Water Works during the 4th quarter valued at $26,000. Providence First Trust Co acquired a new position in American Water Works during the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC grew its holdings in 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 in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in American Water Works during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AWK shares. Wells Fargo & Company raised their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. decreased 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. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.86.

American Water Works Trading Up 1.3 %

American Water Works stock opened at $144.43 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $129.24 and a two-hundred day moving average price of $134.45. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current 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.