American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 20.7% during the 4th quarter, Holdings Channel reports. The firm owned 13,837 shares of the utilities provider’s stock after selling 3,605 shares during the period. Patten & Patten Inc. TN’s holdings in American Water Works were worth $1,723,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of American Water Works in the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its position in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Assetmark Inc. boosted its position in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of AWK stock opened at $144.43 on Monday. The company’s fifty day simple moving average is $129.24 and its 200-day simple moving average is $134.45. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. 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 company has a market cap of $28.16 billion, a PE ratio of 26.80, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AWK. Wells Fargo & Company raised their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of 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 issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.86.

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.