Commonwealth Equity Services LLC Trims Stake in American Water Works Company, Inc. (NYSE:AWK)

Commonwealth Equity Services LLC lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,013 shares of the utilities provider’s stock after selling 529 shares during the quarter. Commonwealth Equity Services LLC’s holdings in American Water Works were worth $11,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crews Bank & Trust purchased a new stake in American Water Works in the fourth quarter valued at $26,000. Providence First Trust Co purchased a new stake in shares of American Water Works in the 4th quarter valued at $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of American Water Works by 54.2% in the 4th 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 stake in shares of American Water Works in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. JPMorgan Chase & Co. cut their price objective on 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 boosted their target price on 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Trading Down 0.1 %

AWK opened at $144.67 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The business has a fifty day moving average price of $130.16 and a 200 day moving average price of $134.49.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Company 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.