Corient Private Wealth LLC Has $11.74 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Corient Private Wealth LLC lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 94,259 shares of the utilities provider’s stock after selling 1,829 shares during the quarter. 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 also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of American Water Works during the fourth quarter worth about $26,000. Providence First Trust Co bought a new position in shares of American Water Works during the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of American Water Works during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 1.8 %

AWK stock opened at $142.18 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average price of $130.55 and a two-hundred day moving average price of $134.54. The company has a market cap of $27.72 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.29% and a net margin of 22.44%. Analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AWK. JPMorgan Chase & Co. decreased their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Three 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’s stock. Based on data from MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus 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.