American Water Works Company, Inc. (NYSE:AWK) Stock Holdings Lessened by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,875 shares of the utilities provider’s stock after selling 1,579 shares during the period. Kesler Norman & Wride LLC’s holdings in American Water Works were worth $1,354,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased 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 purchasing an additional 89 shares during the period. Bleakley Financial Group LLC raised its position in shares of 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 valued at $250,000 after buying an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of American Water Works by 29.0% in the fourth 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, Summit Financial LLC grew its position in American Water Works by 1.1% during the fourth quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.4 %

AWK opened at $146.96 on Wednesday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The firm has a market cap of $28.65 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.80 and a beta of 0.69. The firm’s 50-day simple moving average is $133.95 and its 200-day simple moving average is $134.30. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWK. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price target 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, American Water Works has an average rating of “Hold” and a consensus price target of $141.86.

About American Water Works

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.