Cibc World Markets Corp Buys 4,314 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cibc World Markets Corp increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,775 shares of the utilities provider's stock after acquiring an additional 4,314 shares during the period. Cibc World Markets Corp's holdings in American Water Works were worth $3,831,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. GWN Securities Inc. acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $287,000. Glenview Trust co raised its position in American Water Works by 1.9% during the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider's stock worth $621,000 after acquiring an additional 93 shares in the last quarter. Gitterman Wealth Management LLC lifted its stake in American Water Works by 9.6% in the fourth quarter. Gitterman Wealth Management LLC now owns 3,797 shares of the utilities provider's stock valued at $473,000 after acquiring an additional 332 shares during the last quarter. Avalon Trust Co bought a new position in shares of American Water Works in the 4th quarter valued at about $18,664,000. Finally, HMV Wealth Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter valued at about $340,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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American Water Works Stock Performance

AWK traded down $1.42 during trading on Monday, hitting $139.71. The stock had a trading volume of 1,093,088 shares, compared to its average volume of 1,144,764. 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 company has a 50 day moving average price of $131.33 and a 200-day moving average price of $134.44. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.11 billion. As a group, research 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.