Envestnet Portfolio Solutions Inc. Decreases Holdings in American Water Works Company, Inc. (NYSE:AWK)

Envestnet Portfolio Solutions Inc. lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 61.2% in the 4th quarter, HoldingsChannel reports. The fund owned 4,050 shares of the utilities provider’s stock after selling 6,400 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in American Water Works were worth $504,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in shares of American Water Works in the 4th quarter valued at approximately $26,000. Providence First Trust Co purchased a new stake in American Water Works during the 4th quarter valued at $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 103 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in American Water Works during the fourth quarter valued at $48,000. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AWK shares. JPMorgan Chase & Co. lowered 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 report on Tuesday, January 28th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company upped 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $139.32 on Wednesday. The firm’s 50 day simple moving average is $132.04 and its 200-day simple moving average is $134.38. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07. The firm has a market cap of $27.16 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS 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.