PNC Financial Services Group Inc. Sells 34,811 Shares of American Water Works Company, Inc. (NYSE:AWK)

PNC Financial Services Group Inc. lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 624,804 shares of the utilities provider’s stock after selling 34,811 shares during the period. PNC Financial Services Group Inc.’s holdings in American Water Works were worth $77,782,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its stake in American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. Sovran Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter worth $277,000. Czech National Bank grew its holdings in shares of American Water Works by 6.5% during the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after buying an additional 2,562 shares during the last quarter. Swedbank AB increased its position in shares of American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after acquiring an additional 42,094 shares during the period. Finally, PFW Advisors LLC acquired a new position in American Water Works during the fourth quarter valued at $1,783,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE:AWK opened at $145.61 on Friday. The stock has a 50 day moving average price of $127.25 and a 200 day moving average price of $134.38. The stock has a market cap of $28.39 billion, a PE ratio of 27.02, a P/E/G ratio of 2.80 and a beta of 0.69. 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 $150.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price target on shares of American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target of $140.57.

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.