Bank of Montreal Can Has $48.33 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Bank of Montreal Can lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 388,181 shares of the utilities provider's stock after selling 2,121 shares during the period. Bank of Montreal Can owned approximately 0.20% of American Water Works worth $48,325,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AWK. Crews Bank & Trust purchased a new position in American Water Works during the fourth quarter worth about $26,000. Providence First Trust Co purchased a new stake in shares of American Water Works in the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its stake in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after buying an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in American Water Works in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AWK. JPMorgan Chase & Co. lowered their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company raised 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 upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $141.86.

Remove Ads

American Water Works Stock Performance

AWK traded down $0.83 during trading on Tuesday, hitting $148.00. The stock had a trading volume of 323,489 shares, compared to its average volume of 1,235,647. The firm has a market cap of $28.86 billion, a PE ratio of 27.46, a P/E/G ratio of 2.80 and a beta of 0.68. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $155.50. The company has a 50 day simple moving average of $138.31 and a 200-day simple moving average of $134.17.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating 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 company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.11 billion. Analysts expect 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.