Penobscot Investment Management Company Inc. Cuts Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Penobscot Investment Management Company Inc. cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,910 shares of the utilities provider’s stock after selling 398 shares during the period. Penobscot Investment Management Company Inc.’s holdings in American Water Works were worth $362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in American Water Works in the 4th quarter valued at about $26,000. Providence First Trust Co acquired a new stake in American Water Works in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake 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 worth $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at approximately $47,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AWK has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective 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, March 13th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $141.86.

American Water Works Trading Up 1.4 %

NYSE:AWK opened at $141.04 on Thursday. The company has a market capitalization of $27.50 billion, a PE ratio of 26.17, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The stock’s 50 day moving average price is $132.39 and its 200 day moving average price is $134.42. 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 (NYSE:AWK) last announced 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 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 analyst estimates of $1.11 billion. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

About American Water Works

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.