Kovitz Investment Group Partners LLC Invests $221,000 in American Water Works Company, Inc. (NYSE:AWK)

Posted by on Mar 29th, 2023

Kovitz Investment Group Partners LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,450 shares of the utilities provider’s stock, valued at approximately $221,000.

Several other large investors also recently made changes to their positions in AWK. Great West Life Assurance Co. Can acquired a new stake in shares of American Water Works in the third quarter worth $73,599,000. Goldman Sachs Group Inc. increased its position in shares of American Water Works by 42.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,652,619 shares of the utilities provider’s stock worth $245,860,000 after acquiring an additional 491,805 shares in the last quarter. Vanguard Group Inc. increased its position in shares of American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after acquiring an additional 434,737 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of American Water Works in the first quarter worth $41,938,000. Finally, Royal Bank of Canada increased its position in shares of American Water Works by 11.9% in the first quarter. Royal Bank of Canada now owns 2,253,645 shares of the utilities provider’s stock worth $373,045,000 after acquiring an additional 238,931 shares in the last quarter. Institutional investors and hedge funds own 83.06% of the company’s stock.

American Water Works Trading Down 0.3 %

NYSE AWK opened at $141.22 on Wednesday. American Water Works Company, Inc. has a 12 month low of $122.77 and a 12 month high of $173.87. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.44 and a quick ratio of 0.41. The company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 3.68 and a beta of 0.56. The company’s fifty day moving average price is $146.29 and its two-hundred day moving average price is $146.19.

American Water Works (NYSE:AWK – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. American Water Works had a net margin of 21.62% and a return on equity of 10.76%. The firm had revenue of $931.00 million for the quarter, compared to the consensus estimate of $923.74 million. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that American Water Works Company, Inc. will post 4.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AWK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of American Water Works in a report on Tuesday, March 7th. StockNews.com started coverage on shares of American Water Works in a report on Thursday, March 16th. They set a “hold” rating for the company. TheStreet lowered shares of American Water Works from a “b” rating to a “c+” rating in a report on Wednesday, February 15th. Finally, Wells Fargo & Company raised their price target on shares of American Water Works from $149.00 to $159.00 in a report on Wednesday, December 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $158.29.

American Water Works Profile

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American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.

See Also

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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