American Water Works Company, Inc. (NYSE:AWK) Position Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 46.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,472 shares of the utilities provider’s stock after purchasing an additional 5,836 shares during the quarter. Mizuho Securities USA LLC’s holdings in American Water Works were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new stake in shares of American Water Works during the 4th quarter valued at $26,000. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter valued at $27,000. Whipplewood Advisors LLC purchased a new position in American Water Works in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of American Water Works during the 4th quarter worth about $47,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWK has been the topic of a number of research reports. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on shares of 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, Wells Fargo & Company upped their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Down 1.0 %

American Water Works stock opened at $139.71 on Tuesday. 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 fifty-two week low of $113.34 and a fifty-two week high of $152.07. The firm has a fifty day moving average price of $131.71 and a two-hundred day moving average price of $134.41. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

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.