Benjamin F. Edwards & Company Inc. trimmed its position in American Water Works Company Inc (NYSE:AWK) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,666 shares of the utilities provider’s stock after selling 474 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in American Water Works were worth $1,065,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. grew its position in American Water Works by 5.7% during the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after acquiring an additional 827,507 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in American Water Works by 0.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 19,548 shares of the utilities provider’s stock worth $2,427,000 after acquiring an additional 149 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in American Water Works by 7.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,987 shares of the utilities provider’s stock worth $4,222,000 after buying an additional 2,500 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in American Water Works by 27.7% during the 3rd quarter. Wedbush Securities Inc. now owns 4,685 shares of the utilities provider’s stock worth $582,000 after buying an additional 1,015 shares in the last quarter. Finally, Tuttle Tactical Management acquired a new position in American Water Works during the 3rd quarter worth $227,000. 84.01% of the stock is owned by institutional investors and hedge funds.
AWK stock opened at $139.32 on Monday. The business’s fifty day moving average is $129.39 and its 200-day moving average is $123.63. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. The company has a market cap of $24.76 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 4.37 and a beta of 0.06. American Water Works Company Inc has a twelve month low of $96.64 and a twelve month high of $139.65.
Several research firms have issued reports on AWK. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Water Works in a report on Friday, December 6th. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating and set a $126.00 price objective on the stock. in a report on Monday, December 16th. UBS Group downgraded American Water Works from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $133.00 to $148.00 in a report on Tuesday, February 4th. Bank of America reaffirmed an “underperform” rating and set a price objective (up previously from ) on shares of American Water Works in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their price objective on American Water Works from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. American Water Works has a consensus rating of “Hold” and an average target price of $134.29.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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