Chesapeake Capital Corp IL Purchases Shares of 4,963 American Water Works Company, Inc. (NYSE:AWK)

Chesapeake Capital Corp IL acquired a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,963 shares of the utilities provider’s stock, valued at approximately $618,000.

Several other institutional investors have also added to or reduced their stakes in AWK. State Street Corp grew its holdings in American Water Works by 1.9% during the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after acquiring an additional 214,082 shares during the period. Geode Capital Management LLC grew its stake in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares during the period. Amundi grew its stake in 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 acquiring an additional 477,411 shares during the period. Victory Capital Management Inc. raised its position in shares of American Water Works by 120.7% during 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, Nordea Investment Management AB lifted its holdings in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 0.1 %

Shares of AWK stock opened at $144.67 on Wednesday. The company’s fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $134.49. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.80 and a beta of 0.69. 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 Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The company 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%. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Two investment 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, American Water Works currently has an average rating of “Hold” and a consensus price target 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.