One Charles Private Wealth Services LLC Sells 3,639 Shares of American Water Works Company, Inc. (NYSE:AWK)

One Charles Private Wealth Services LLC decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,067 shares of the utilities provider’s stock after selling 3,639 shares during the quarter. American Water Works comprises about 0.8% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 22nd biggest position. One Charles Private Wealth Services LLC’s holdings in American Water Works were worth $2,498,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AWK. IHT Wealth Management LLC raised its position in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after acquiring an additional 76 shares during the period. Brookfield Corp ON increased its holdings in shares of American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 89 shares during the last quarter. Bleakley Financial Group LLC increased its stake in American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after buying an additional 90 shares during the period. Finally, Glenview Trust co lifted its holdings in shares of American Water Works by 1.9% in the 4th quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AWK. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of 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. Finally, Wells Fargo & Company increased their price objective on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.86.

American Water Works Stock Down 0.3 %

Shares of American Water Works stock opened at $141.68 on Friday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07. 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 company has a market capitalization of $27.62 billion, a PE ratio of 26.29, a P/E/G ratio of 2.80 and a beta of 0.69. The business has a 50-day moving average of $130.94 and a 200-day moving average of $134.59.

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