Cwm LLC Boosts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Cwm LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,943 shares of the utilities provider’s stock after purchasing an additional 1,495 shares during the quarter. Cwm LLC’s holdings in American Water Works were worth $1,180,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. abrdn plc lifted its stake in American Water Works by 19.9% during the 4th quarter. abrdn plc now owns 203,704 shares of the utilities provider’s stock valued at $26,887,000 after acquiring an additional 33,813 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of American Water Works by 7.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,174 shares of the utilities provider’s stock valued at $287,000 after buying an additional 142 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of American Water Works in the 4th quarter valued at about $239,000. SFE Investment Counsel boosted its stake in shares of American Water Works by 28.3% in the fourth quarter. SFE Investment Counsel now owns 24,986 shares of the utilities provider’s stock worth $3,298,000 after buying an additional 5,514 shares during the last quarter. Finally, Tranquility Partners LLC purchased a new position in American Water Works during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 0.6 %

American Water Works stock opened at $120.78 on Friday. The stock has a market capitalization of $23.53 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.24. The business has a 50 day simple moving average of $119.13 and a 200-day simple moving average of $124.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. On average, analysts anticipate that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent research reports. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

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.