Lombard Odier Asset Management Switzerland SA acquired a new stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,974 shares of the utilities provider’s stock, valued at approximately $677,000.
Several other hedge funds have also recently modified their holdings of AWK. Peddock Capital Advisors LLC grew its holdings in shares of American Water Works by 2.9% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,824 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 79 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares during the period. Faithward Advisors LLC lifted its holdings in American Water Works by 5.4% during the third quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 82 shares during the period. PFG Investments LLC boosted its position in American Water Works by 0.6% in the fourth quarter. PFG Investments LLC now owns 13,108 shares of the utilities provider’s stock worth $1,711,000 after purchasing an additional 84 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its position in American Water Works by 1.5% in the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.
Analyst Ratings Changes
AWK has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research note on Tuesday, April 21st. Truist Financial lowered their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Barclays raised their price objective on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Finally, UBS Group lifted their price objective on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.60.
American Water Works Stock Performance
NYSE:AWK opened at $137.94 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The business has a fifty day simple moving average of $128.78 and a two-hundred day simple moving average of $130.89. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The company has a market capitalization of $26.94 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.72 and a beta of 0.61.
American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.
About American Water Works
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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