B. Riley Wealth Advisors Inc. Has $2.05 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

B. Riley Wealth Advisors Inc. increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 153.6% in the third quarter, Holdings Channel reports. The firm owned 15,717 shares of the utilities provider’s stock after buying an additional 9,520 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in American Water Works were worth $2,046,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of American Water Works during the third quarter worth $33,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of American Water Works during the third quarter worth $35,000. HBC Financial Services PLLC bought a new position in American Water Works during the second quarter worth about $46,000. SJS Investment Consulting Inc. bought a new position in American Water Works during the third quarter worth about $54,000. Finally, Hallmark Capital Management Inc. bought a new position in American Water Works during the third quarter worth about $55,000. 83.06% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of American Water Works stock opened at $141.81 on Friday. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.56. The stock’s 50-day moving average is $149.01 and its 200-day moving average is $146.78. American Water Works Company, Inc. has a one year low of $122.77 and a one year 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.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TheStreet lowered American Water Works from a “b” rating to a “c+” rating in a report on Wednesday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of American Water Works in a report on Tuesday, March 7th. StockNews.com assumed coverage on American Water Works in a report on Thursday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their target price on 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 issued a buy rating to the company. According to MarketBeat, the company currently 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.