Cerity Partners LLC Sells 49,731 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cerity Partners LLC trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,507 shares of the utilities provider's stock after selling 49,731 shares during the quarter. Cerity Partners LLC owned approximately 0.12% of American Water Works worth $31,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in shares of American Water Works during the 4th quarter worth approximately $26,000. Providence First Trust Co bought a new stake in American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in American Water Works in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Performance

AWK traded up $1.59 during trading hours on Monday, hitting $147.68. The stock had a trading volume of 210,135 shares, compared to its average volume of 1,235,779. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $155.50. The company's fifty day simple moving average is $137.81 and its 200 day simple moving average is $134.14. The stock has a market cap of $28.80 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

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American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion during 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%. Equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWK. StockNews.com raised shares of American Water Works from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Wells Fargo & Company boosted their price objective on 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. 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 report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of "Hold" and a consensus price target 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.