Mirova US LLC Sells 45,340 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mirova US LLC cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,559,036 shares of the utilities provider’s stock after selling 45,340 shares during the period. American Water Works accounts for 2.3% of Mirova US LLC’s investment portfolio, making the stock its 19th largest holding. Mirova US LLC owned about 0.80% of American Water Works worth $194,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AWK. Crews Bank & Trust bought a new stake in American Water Works in the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new position in American Water Works in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after buying an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in American Water Works in the fourth quarter valued at approximately $47,000. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AWK. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. 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. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s 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 Price Performance

Shares of NYSE:AWK opened at $144.86 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The stock’s 50 day moving average is $129.70 and its 200-day moving average is $134.47. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.11 billion. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS 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.