Mizuho Securities USA LLC Acquires 5,836 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mizuho Securities USA LLC raised its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,472 shares of the utilities provider's stock after purchasing an additional 5,836 shares during the quarter. Mizuho Securities USA LLC's holdings in American Water Works were worth $2,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of American Water Works by 9.2% during the third quarter. Empowered Funds LLC now owns 3,700 shares of the utilities provider's stock worth $541,000 after purchasing an additional 313 shares in the last quarter. Quest Partners LLC bought a new position in American Water Works in the 3rd quarter worth approximately $227,000. King Luther Capital Management Corp bought a new position in American Water Works in the 3rd quarter worth approximately $230,000. Charles Schwab Investment Management Inc. lifted its holdings in American Water Works by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider's stock worth $163,798,000 after buying an additional 18,586 shares in the last quarter. Finally, Pitcairn Co. bought a new position in American Water Works in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Up 1.5 %

Shares of NYSE:AWK traded up $2.11 during midday trading on Thursday, reaching $143.24. 1,346,447 shares of the company were exchanged, compared to its average volume of 1,143,399. The firm has a market cap of $27.92 billion, a PE ratio of 26.58, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The stock has a fifty day simple moving average of $132.73 and a two-hundred day simple moving average of $134.49. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AWK shares. JPMorgan Chase & Co. lowered their price objective on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Finally, StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $141.86.

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.