Steward Partners Investment Advisory LLC Buys 500 Shares of American Water Works Company, Inc. (NYSE:AWK)

Steward Partners Investment Advisory LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 19,739 shares of the utilities provider’s stock after buying an additional 500 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in American Water Works were worth $2,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares during the period. Geode Capital Management LLC increased its position 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 in the last quarter. Nordea Investment Management AB raised its stake in American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after buying an additional 125,128 shares during the period. Victory Capital Management Inc. lifted its holdings in American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after acquiring an additional 1,321,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Water Works by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,120,062 shares of the utilities provider’s stock worth $163,798,000 after acquiring an additional 18,586 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, 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 research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.57.

American Water Works Trading Up 5.4 %

NYSE AWK opened at $145.61 on Friday. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The stock’s 50 day moving average price is $127.25 and its two-hundred day moving average price is $134.43. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion for 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 fiscal 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.