Teachers Advisors LLC raised its position in American Water (NYSE:AWK) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 899,931 shares of the utilities provider’s stock after buying an additional 3,439 shares during the quarter. Teachers Advisors LLC owned about 0.50% of American Water worth $82,335,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. acquired a new stake in American Water during the 4th quarter worth approximately $53,365,000. Ardevora Asset Management LLP acquired a new position in shares of American Water during the 3rd quarter valued at $33,574,000. JPMorgan Chase & Co. lifted its position in shares of American Water by 56.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 853,175 shares of the utilities provider’s stock valued at $69,200,000 after acquiring an additional 309,177 shares during the period. Wells Fargo & Company MN lifted its position in shares of American Water by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,051,998 shares of the utilities provider’s stock valued at $279,228,000 after acquiring an additional 303,098 shares during the period. Finally, BlackRock Inc. increased its stake in American Water by 2.1% during the 4th quarter. BlackRock Inc. now owns 13,263,914 shares of the utilities provider’s stock valued at $1,213,515,000 after purchasing an additional 276,485 shares in the last quarter. 84.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AWK opened at $81.92 on Friday. The company has a market cap of $14,498.42, a PE ratio of 27.04, a PEG ratio of 3.34 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31. American Water has a 1 year low of $74.63 and a 1 year high of $92.37.
American Water (NYSE:AWK) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. American Water had a return on equity of 10.03% and a net margin of 12.69%. The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $843.36 million. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts forecast that American Water will post 3.26 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Argus increased their price target on shares of American Water from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Guggenheim lowered American Water from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised American Water from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Tuesday, December 19th. Bank of America lowered American Water from a “buy” rating to a “neutral” rating and raised their price objective for the company from $85.70 to $91.00 in a research report on Thursday, January 11th. Finally, ValuEngine upgraded American Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $89.24.
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About American Water
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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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