American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC raised its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,672 shares of the utilities provider's stock after purchasing an additional 3,390 shares during the period. Advisory Services Network LLC's holdings in American Water Works were worth $2,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in American Water Works by 76.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 4,584 shares of the utilities provider's stock valued at $670,000 after purchasing an additional 1,982 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in American Water Works during the third quarter worth approximately $275,000. Orion Portfolio Solutions LLC lifted its holdings in American Water Works by 5.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,678 shares of the utilities provider's stock valued at $830,000 after acquiring an additional 300 shares during the last quarter. MML Investors Services LLC grew its position in American Water Works by 23.2% in the third quarter. MML Investors Services LLC now owns 12,731 shares of the utilities provider's stock worth $1,862,000 after buying an additional 2,401 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of American Water Works by 1.0% during the third quarter. Barclays PLC now owns 376,348 shares of the utilities provider's stock valued at $55,037,000 after purchasing an additional 3,560 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AWK. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company raised their target price on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. Finally, StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $141.86.

American Water Works Stock Up 0.1 %

Shares of NYSE AWK traded up $0.21 during midday trading on Wednesday, hitting $147.09. The stock had a trading volume of 298,204 shares, compared to its average volume of 1,550,136. The business's 50 day moving average is $138.77 and its 200-day moving average is $134.26. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a market cap of $28.68 billion, a P/E ratio of 27.29, a PEG ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a 52 week low of $113.53 and a 52 week high of $155.50.

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

American Water Works 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.