3,400 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by West Tower Group LLC

West Tower Group LLC bought a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,400 shares of the utilities provider’s stock, valued at approximately $423,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in 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 valued at $395,180,000 after acquiring an additional 1,736,258 shares during the period. Groupama Asset Managment raised its holdings in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 695,474 shares during the period. Raymond James Financial Inc. bought a new stake in American Water Works during the fourth quarter valued at about $71,120,000. Amundi raised its holdings in American Water Works by 11.9% during 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. Finally, Confluence Investment Management LLC raised its holdings in American Water Works by 268.0% during the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock valued at $66,868,000 after acquiring an additional 391,166 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Down 0.1 %

Shares of NYSE:AWK opened at $144.67 on Wednesday. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The business has a 50 day simple moving average of $130.16 and a two-hundred day simple moving average of $134.49. The firm has a market capitalization of $28.20 billion, a PE ratio of 26.84, a price-to-earnings-growth 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 (NYSE:AWK) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AWK shares. Wells Fargo & Company lifted their target price on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced 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. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.