Geode Capital Management LLC Acquires 106,857 Shares of American Water Works Company, Inc. (NYSE:AWK)

Geode Capital Management LLC increased its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,671,050 shares of the utilities provider's stock after purchasing an additional 106,857 shares during the quarter. Geode Capital Management LLC owned about 2.40% of American Water Works worth $579,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. Crews Bank & Trust purchased a new position in American Water Works during the 4th quarter valued at about $26,000. Providence First Trust Co purchased a new position in American Water Works during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of American Water Works during the 4th quarter valued at $47,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company upped 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, StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, American Water Works has an average rating of "Hold" and a consensus price target of $141.86.

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American Water Works Price Performance

Shares of NYSE AWK traded down $1.87 during trading hours on Wednesday, reaching $139.00. 2,990,645 shares of the stock traded hands, compared to its average volume of 1,241,181. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $155.50. 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's 50-day simple moving average is $137.01 and its two-hundred day simple moving average is $134.20. The company has a market capitalization of $27.11 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping 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 net margin of 22.44% and a return on equity of 10.29%. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

About American Water Works

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.