CIBC Private Wealth Group LLC Reduces Holdings in American Water Works Company, Inc. (NYSE:AWK)

CIBC Private Wealth Group LLC lowered its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,601 shares of the utilities provider's stock after selling 4,875 shares during the period. CIBC Private Wealth Group LLC's holdings in American Water Works were worth $5,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Crews Bank & Trust bought a new stake in American Water Works during the 4th quarter valued at $26,000. Providence First Trust Co purchased a new position in shares of American Water Works in the fourth quarter valued at $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in American Water Works in the 4th quarter worth about $47,000. Institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AWK shares. StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price 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. Finally, Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $141.86.

Remove Ads

American Water Works Price Performance

Shares of NYSE:AWK traded down $4.60 during trading on Friday, reaching $147.36. The company had a trading volume of 3,275,354 shares, compared to its average volume of 1,222,095. The company has a fifty day moving average of $135.56 and a two-hundred day moving average of $134.28. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $28.74 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.11 billion. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share 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.