Resona Asset Management Co. Ltd. Makes New $7.26 Million Investment in American Water Works Company, Inc. (NYSE:AWK)

Resona Asset Management Co. Ltd. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 58,222 shares of the utilities provider's stock, valued at approximately $7,255,000.

A number of other large investors have also recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its holdings in shares of American Water Works by 4.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock worth $250,000 after buying an additional 89 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of 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 during the last quarter. Summit Financial LLC grew its position in shares of American Water Works by 1.1% in the fourth quarter. Summit Financial LLC now owns 8,438 shares of the utilities provider's stock valued at $1,051,000 after purchasing an additional 92 shares during the last quarter. Glenview Trust co lifted its position in shares of American Water Works by 1.9% during the 4th quarter. Glenview Trust co now owns 4,986 shares of the utilities provider's stock worth $621,000 after purchasing an additional 93 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in American Water Works by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,241 shares of the utilities provider's stock valued at $528,000 after purchasing an additional 98 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Remove Ads

American Water Works Price Performance

Shares of AWK stock traded up $2.91 during mid-day trading on Friday, reaching $146.06. The company's stock had a trading volume of 1,548,978 shares, compared to its average volume of 1,239,784. The firm's 50-day moving average is $137.81 and its two-hundred day moving average is $134.14. The company has a market cap of $28.48 billion, a P/E ratio of 27.10, a PEG ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $155.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on AWK. Wells Fargo & Company lifted their price target on 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. JPMorgan Chase & Co. cut 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. Finally, StockNews.com raised shares of American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $141.86.

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.