Smartleaf Asset Management LLC Raises Holdings in American Water Works Company, Inc. (NYSE:AWK)

Smartleaf Asset Management LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 40.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,115 shares of the utilities provider’s stock after buying an additional 323 shares during the quarter. Smartleaf Asset Management LLC’s holdings in American Water Works were worth $139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in American Water Works by 1,131.1% in 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 during the last quarter. Groupama Asset Managment raised its holdings in shares of American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 695,474 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of American Water Works by 268.0% during the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after purchasing an additional 391,166 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of American Water Works during the third quarter worth $43,872,000. Finally, Principal Financial Group Inc. increased its holdings in American Water Works by 129.6% in the third quarter. Principal Financial Group Inc. now owns 502,391 shares of the utilities provider’s stock valued at $73,470,000 after buying an additional 283,579 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 0.2 %

AWK opened at $138.13 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The business’s 50 day moving average is $126.84 and its two-hundred day moving average is $134.40. The firm has a market cap of $26.93 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its earnings results 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analysts Set New Price Targets

AWK has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. 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 note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.57.

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.