Scotia Capital Inc. Has $3.54 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Scotia Capital Inc. raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,451 shares of the utilities provider's stock after purchasing an additional 3,424 shares during the period. Scotia Capital Inc.'s holdings in American Water Works were worth $3,542,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in American Water Works by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock valued at $3,125,598,000 after buying an additional 217,582 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American Water Works by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock valued at $579,981,000 after acquiring an additional 106,857 shares during the period. Amundi grew its position in shares of American Water Works by 11.9% in the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock valued at $553,687,000 after purchasing an additional 477,411 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the period. Finally, Invesco Ltd. lifted its position in shares of American Water Works by 15.2% during the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider's stock worth $391,205,000 after purchasing an additional 414,568 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

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American Water Works Price Performance

Shares of AWK stock traded down $0.41 during mid-day trading on Wednesday, reaching $146.47. The company's stock had a trading volume of 1,124,572 shares, compared to its average volume of 1,237,182. The firm's 50-day moving average is $138.77 and its two-hundred day moving average is $134.26. The company has a market cap of $28.56 billion, a P/E ratio of 27.17, 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.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company upped their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $141.86.

American Water Works Company 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.