Raymond James Financial Inc. Takes $71.12 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Raymond James Financial Inc. acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 571,290 shares of the utilities provider's stock, valued at approximately $71,120,000. Raymond James Financial Inc. owned approximately 0.29% of American Water Works as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of American Water Works by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider's stock valued at $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Sovran Advisors LLC acquired a new position in American Water Works in the 4th quarter worth approximately $277,000. M&T Bank Corp increased its holdings in American Water Works by 3.3% in the 4th quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider's stock worth $8,123,000 after buying an additional 2,113 shares during the period. Czech National Bank increased its holdings in American Water Works by 6.5% in the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider's stock worth $5,261,000 after buying an additional 2,562 shares during the period. Finally, Swedbank AB increased its holdings in American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider's stock worth $15,557,000 after buying an additional 42,094 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several brokerages recently weighed in on AWK. Wells Fargo & Company increased their price target on shares of American Water Works from $129.00 to $133.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. cut 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. Finally, UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and increased their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.57.

American Water Works Stock Performance

American Water Works stock traded down $2.59 during mid-day trading on Wednesday, hitting $140.84. The company had a trading volume of 1,919,341 shares, compared to its average volume of 1,446,417. 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 $152.07. The company's fifty day moving average is $128.45 and its 200-day moving average is $134.46. The company has a market capitalization of $27.46 billion, a price-to-earnings ratio of 26.13, 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 return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities 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.