Gitterman Wealth Management LLC Acquires 332 Shares of American Water Works Company, Inc. (NYSE:AWK)

Gitterman Wealth Management LLC raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,797 shares of the utilities provider’s stock after acquiring an additional 332 shares during the period. Gitterman Wealth Management LLC’s holdings in American Water Works were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Crews Bank & Trust acquired a new stake in shares of American Water Works during the fourth quarter valued at about $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its stake 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 valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of American Water Works during the fourth quarter valued at about $48,000. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday. 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 research note on Tuesday, January 28th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Price Performance

Shares of AWK opened at $144.43 on Friday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The business’s 50 day moving average price is $129.24 and its two-hundred day moving average price is $134.50. The firm has a market cap of $28.16 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate 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%. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.