Cetera Advisor Networks LLC raised its position in shares of American Water Works Company Inc (NYSE:AWK) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,707 shares of the utilities provider’s stock after purchasing an additional 225 shares during the quarter. Cetera Advisor Networks LLC’s holdings in American Water Works were worth $697,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC lifted its stake in shares of American Water Works by 2.1% in the 3rd quarter. Eagle Capital Management LLC now owns 37,581 shares of the utilities provider’s stock valued at $3,306,000 after purchasing an additional 755 shares during the last quarter. MML Investors Services LLC lifted its stake in American Water Works by 56.4% during the 3rd quarter. MML Investors Services LLC now owns 5,717 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 2,061 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in American Water Works by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,242,763 shares of the utilities provider’s stock worth $109,326,000 after acquiring an additional 3,489 shares in the last quarter. Martingale Asset Management L P lifted its stake in American Water Works by 14.4% during the 3rd quarter. Martingale Asset Management L P now owns 22,955 shares of the utilities provider’s stock worth $2,020,000 after acquiring an additional 2,894 shares in the last quarter. Finally, American International Group Inc. lifted its stake in American Water Works by 6.3% during the 3rd quarter. American International Group Inc. now owns 77,911 shares of the utilities provider’s stock worth $6,854,000 after acquiring an additional 4,626 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.
NYSE AWK traded down $0.20 during trading hours on Monday, hitting $103.96. 729,961 shares of the company were exchanged, compared to its average volume of 1,041,988. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.37 and a quick ratio of 0.35. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $107.71. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 3.62 and a beta of 0.25.
Several equities analysts recently issued reports on the company. Zacks Investment Research reissued a “buy” rating and set a $104.00 target price on shares of American Water Works in a research note on Monday, December 31st. Wells Fargo & Co lowered American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 target price on the stock. in a research note on Tuesday, March 26th. They noted that the move was a valuation call. Janney Montgomery Scott reissued a “buy” rating and set a $102.00 target price on shares of American Water Works in a research note on Thursday, February 21st. Finally, Bank of America increased their target price on American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Water Works currently has an average rating of “Buy” and a consensus target price of $103.57.
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American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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