MGO One Seven LLC lessened its holdings in American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 30.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,718 shares of the utilities provider’s stock after selling 758 shares during the period. MGO One Seven LLC’s holdings in American Water Works were worth $262,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Greenleaf Trust increased its holdings in American Water Works by 7.2% in the 4th quarter. Greenleaf Trust now owns 21,608 shares of the utilities provider’s stock worth $3,293,000 after acquiring an additional 1,453 shares in the last quarter. Fifth Third Bancorp raised its position in shares of American Water Works by 21.6% during the 4th quarter. Fifth Third Bancorp now owns 35,931 shares of the utilities provider’s stock valued at $5,477,000 after purchasing an additional 6,387 shares during the period. Daymark Wealth Partners LLC purchased a new position in shares of American Water Works during the 4th quarter valued at $555,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in American Water Works by 0.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 35,804 shares of the utilities provider’s stock worth $5,457,000 after buying an additional 290 shares during the period. Finally, Whittier Trust Co. increased its stake in American Water Works by 1.0% in the 4th quarter. Whittier Trust Co. now owns 82,757 shares of the utilities provider’s stock worth $12,614,000 after buying an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 83.06% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of American Water Works from $149.00 to $159.00 in a research report on Wednesday, December 14th. StockNews.com assumed coverage on American Water Works in a research report on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of American Water Works in a research report on Tuesday, March 7th. Finally, TheStreet downgraded American Water Works from a “b” rating to a “c+” rating in a research note on Wednesday, February 15th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price of $158.29.
American Water Works Stock Performance
NYSE:AWK opened at $151.88 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 1.42. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 3.90 and a beta of 0.57. The company has a fifty day simple moving average of $145.38 and a two-hundred day simple moving average of $146.07. American Water Works Company, Inc. has a 52 week low of $122.77 and a 52 week high of $173.87.
American Water Works (NYSE:AWK – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. American Water Works had a return on equity of 10.76% and a net margin of 21.62%. The firm had revenue of $931.00 million during the quarter, compared to the consensus estimate of $923.74 million. During the same period in the prior year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 4.77 earnings per share for the current fiscal year.
About American Water Works
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.
Further Reading
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