Top 5 Stock Picks of Adam Usdan’s Trellus Management

3. American Water Works Company, Inc. (NYSE:AWK)

Trellus Management’s Stake Value: $8.722 million

 Percentage of Trellus Management’s 13F Portfolio: 6.35%

Number of Hedge Fund Holders as of Q2 2021: 30

American Water Works Company, Inc. (NYSE: AWK) works in the American public utility sector and provides its services in both Canada and the United States. 51,600 of the company’s shares are held by Adam Usdan’s Trellus Management, which comprise 6.35% of the fund’s portfolio.

On November 3, Insoo Kim, an analyst at Goldman Sachs, downgraded the rating of American Water Works Company, Inc. (NYSE: AWK) to “Neutral” from its previous position of “Buy”. Furthermore, Insoo Kim lowered the price target of the company from $191 to $177. On November 2, American Water Works Company, Inc. (NYSE: AWK) announced its earnings for Q3 2021. It posted revenues of $1.09 billion, which fell short of the estimated revenue by $130 million. Additionally, the EPS was $1.53, which missed estimates by $0.01.