American Water Works Company, Inc. (NYSE:AWK) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,259 shares of the utilities provider's stock after selling 1,829 shares during the period. Corient Private Wealth LLC's holdings in American Water Works were worth $11,735,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust purchased a new position in shares of American Water Works during the fourth quarter valued at about $26,000. Providence First Trust Co purchased a new position in shares of American Water Works during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in shares of American Water Works during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position in shares of American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock valued at $36,000 after buying an additional 103 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of American Water Works during the fourth quarter valued at about $48,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Down 0.6 %

Shares of NYSE:AWK traded down $0.91 during trading hours on Friday, hitting $140.90. The company's stock had a trading volume of 2,605,712 shares, compared to its average volume of 1,144,972. The firm's fifty day moving average price is $131.33 and its 200 day moving average price is $134.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69.

Remove Ads

American Water Works (NYSE:AWK - Get Free Report) last released 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 company had revenue of $1.20 billion for 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%. As a group, research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AWK shares. Wells Fargo & Company upped 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 report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday. Three equities 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 company's stock. According to data from MarketBeat.com, American Water Works currently has an average rating of "Hold" and an average target price 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.