Waldron Private Wealth LLC Grows Position in American Water Works Company, Inc. (NYSE:AWK)

Waldron Private Wealth LLC raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,096 shares of the utilities provider’s stock after acquiring an additional 124 shares during the period. Waldron Private Wealth LLC’s holdings in American Water Works were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MV Capital Management Inc. increased its position in shares of American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Clear Street Markets LLC bought a new position in shares of American Water Works during the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. bought a new position in American Water Works during the 2nd quarter worth approximately $29,000. Tyler Stone Wealth Management bought a new position in American Water Works during the 2nd quarter worth approximately $29,000. Finally, ORG Partners LLC grew its position in American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the transaction, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

American Water Works Trading Down 0.5 %

AWK opened at $115.98 on Tuesday. The stock has a market cap of $22.60 billion, a PE ratio of 23.72, a PEG ratio of 2.78 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $119.76 and a 200-day moving average of $124.31. American Water Works Company, Inc. has a 52 week low of $114.25 and a 52 week high of $152.99.

American Water Works (NYSE:AWK) last released its earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Equities research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on AWK. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $160.00 to $135.00 in a research report on Friday, February 16th.

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.