Lombard Odier Asset Management Switzerland SA Purchases New Position in American Water Works Company, Inc. $AWK

Lombard Odier Asset Management Switzerland SA acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,974 shares of the utilities provider’s stock, valued at approximately $677,000.

A number of other hedge funds have also bought and sold shares of AWK. Peddock Capital Advisors LLC raised its holdings in American Water Works by 2.9% during the 4th 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 during the period. Salomon & Ludwin LLC lifted its position in shares of 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 in the last quarter. Faithward Advisors LLC boosted its holdings in shares of American Water Works by 5.4% in 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 holdings in shares of 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 acquiring an additional 84 shares during the period. Finally, Cresset Asset Management LLC grew its position in shares of 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 valued at $816,000 after purchasing an additional 85 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Up 2.5%

Shares of NYSE:AWK opened at $137.94 on Wednesday. The firm has a fifty day moving average price of $128.78 and a two-hundred day moving average price of $130.89. The company has a market cap of $26.94 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.72 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial decreased their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Wells Fargo & Company set a $131.00 target price on American Water Works in a report on Tuesday, April 21st. Wall Street Zen cut American Water Works from a “sell” rating to a “strong sell” rating in a research report on Sunday. Finally, Barclays upped their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $140.60.

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.