Cullen Capital Management LLC Has $699,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Cullen Capital Management LLC lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,617 shares of the utilities provider’s stock after selling 3,062 shares during the period. Cullen Capital Management LLC’s holdings in American Water Works were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Crews Bank & Trust acquired a new position in shares of American Water Works during the 4th quarter worth $26,000. Providence First Trust Co acquired a new position in American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new position in American Water Works during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after buying an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of American Water Works during the 4th quarter worth about $47,000. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AWK shares. Wells Fargo & Company raised their price objective on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price of $141.86.

American Water Works Price Performance

NYSE:AWK opened at $147.36 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The stock has a market cap of $28.74 billion, a P/E ratio of 27.34, a PEG ratio of 2.80 and a beta of 0.68. The company has a fifty day moving average price of $135.56 and a 200 day moving average price of $134.38. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50.

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

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.