Transatlantique Private Wealth LLC Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

Transatlantique Private Wealth LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,236 shares of the utilities provider’s stock after selling 86 shares during the period. Transatlantique Private Wealth LLC’s holdings in American Water Works were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in shares of American Water Works during the fourth quarter worth $26,000. Providence First Trust Co purchased a new stake in American Water Works in the 4th quarter worth $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position 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, Flagship Wealth Advisors LLC bought a new stake in shares of American Water Works in the fourth quarter worth about $47,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AWK. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research note on Friday, April 4th. Wells Fargo & Company raised their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced 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 report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $141.86.

American Water Works Trading Up 1.3 %

Shares of AWK opened at $148.35 on Friday. American Water Works Company, Inc. has a twelve month low of $117.67 and a twelve month high of $155.50. 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 company’s fifty day simple moving average is $140.21 and its 200-day simple moving average is $134.29. The company has a market cap of $28.93 billion, a P/E ratio of 27.52, a P/E/G ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, analysts expect 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.