89,450 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 89,450 shares of the utilities provider's stock, valued at approximately $11,136,000.

Several other large investors have also recently added to or reduced their stakes in the business. IHT Wealth Management LLC grew its holdings in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after acquiring an additional 76 shares during the period. Assetmark Inc. boosted its holdings in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after buying an additional 89 shares in the last quarter. Brookfield Corp ON increased its holdings in shares of American Water Works by 0.3% in the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider's stock valued at $4,768,000 after buying an additional 89 shares in the last quarter. Bleakley Financial Group LLC boosted its position in American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 90 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AWK shares. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced 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 boosted their target price 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, UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and raised their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $141.86.

American Water Works Stock Performance

AWK stock traded down $2.57 on Wednesday, reaching $142.18. 1,113,609 shares of the company were exchanged, compared to its average volume of 1,436,265. The firm has a market capitalization of $27.72 billion, a PE ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The stock's fifty day moving average price is $130.16 and its 200 day moving average price is $134.49. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. The business 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%. On average, research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal 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.