Westpac Banking Corp Has $338,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Westpac Banking Corp trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 60.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,717 shares of the utilities provider’s stock after selling 4,085 shares during the quarter. Westpac Banking Corp’s holdings in American Water Works were worth $338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its holdings in American Water Works by 11.5% during the 3rd quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock worth $51,716,000 after purchasing an additional 36,424 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of American Water Works during the 3rd quarter worth approximately $1,244,000. Investment Management Corp of Ontario raised its stake in shares of American Water Works by 51.6% during the third quarter. Investment Management Corp of Ontario now owns 6,466 shares of the utilities provider’s stock worth $946,000 after buying an additional 2,200 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in American Water Works by 11.9% in the third quarter. Quantinno Capital Management LP now owns 45,915 shares of the utilities provider’s stock valued at $6,715,000 after acquiring an additional 4,894 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented 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 for the company in a research report on Tuesday, January 28th. Wells Fargo & Company increased their target price 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 upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.86.

American Water Works Trading Down 3.0 %

NYSE AWK opened at $147.36 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 stock’s 50-day moving average is $135.56 and its 200-day moving average is $134.49. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50. The firm has a market cap of $28.74 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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 anticipate that American Water Works Company, Inc. will post 5.71 earnings per share 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.