Corient Private Wealth LLC Sells 1,829 Shares of American Water Works Company, Inc. (NYSE:AWK)

Corient Private Wealth LLC lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,259 shares of the utilities provider’s stock after selling 1,829 shares during the period. Corient Private Wealth LLC’s holdings in American Water Works were worth $11,735,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of American Water Works during the fourth quarter worth $26,000. Providence First Trust Co bought a new stake in shares of American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works during the fourth quarter worth $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 purchasing an additional 103 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of American Water Works during the fourth quarter valued at $48,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company upped 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, March 13th. Finally, StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Trading Down 1.8 %

NYSE:AWK opened at $142.18 on Thursday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07. The business’s 50-day moving average price is $130.55 and its two-hundred day moving average price is $134.54. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share 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.