ClearBridge Investments Ltd Has $397,000 Position in American Water Works Company, Inc. (NYSE:AWK)

ClearBridge Investments Ltd trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,186 shares of the utilities provider’s stock after selling 366 shares during the period. American Water Works comprises 0.0% of ClearBridge Investments Ltd’s holdings, making the stock its 26th largest position. ClearBridge Investments Ltd’s holdings in American Water Works were worth $397,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AWK. The Manufacturers Life Insurance Company increased its position in shares of American Water Works by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 126,974 shares of the utilities provider’s stock worth $18,569,000 after purchasing an additional 1,250 shares during the last quarter. D.A. Davidson & CO. increased its holdings in American Water Works by 6.1% during the third quarter. D.A. Davidson & CO. now owns 18,309 shares of the utilities provider’s stock worth $2,678,000 after buying an additional 1,054 shares during the last quarter. FMR LLC increased its holdings in American Water Works by 11.5% during the third quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock worth $51,716,000 after buying an additional 36,424 shares during the last quarter. Fiduciary Trust Co bought a new stake in American Water Works during the third quarter worth $216,000. Finally, Public Sector Pension Investment Board lifted its stake in American Water Works by 3.0% in the third quarter. Public Sector Pension Investment Board now owns 34,029 shares of the utilities provider’s stock valued at $4,976,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company upped their price objective 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 downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works Stock Performance

Shares of NYSE AWK opened at $146.28 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The firm has a market cap of $28.52 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.80 and a beta of 0.69. The stock’s fifty day moving average price is $133.12 and its two-hundred day moving average price is $134.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS 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 analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current 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.