Advisor Group Inc. boosted its holdings in American Water (NYSE:AWK) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,400 shares of the utilities provider’s stock after acquiring an additional 1,829 shares during the period. Advisor Group Inc.’s holdings in American Water were worth $2,323,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services Inc grew its position in American Water by 0.6% in the third quarter. Commonwealth Equity Services Inc now owns 99,339 shares of the utilities provider’s stock worth $8,037,000 after buying an additional 582 shares during the last quarter. Cetera Investment Advisers boosted its stake in American Water by 12.2% in the 3rd quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 622 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in American Water by 10.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,386 shares of the utilities provider’s stock worth $676,000 after purchasing an additional 693 shares during the period. Ballentine Partners LLC boosted its stake in American Water by 9.8% in the 4th quarter. Ballentine Partners LLC now owns 7,811 shares of the utilities provider’s stock worth $715,000 after purchasing an additional 695 shares during the period. Finally, Security Asset Management boosted its stake in American Water by 3.0% in the 4th quarter. Security Asset Management now owns 27,050 shares of the utilities provider’s stock worth $2,475,000 after purchasing an additional 782 shares during the period. Institutional investors own 84.75% of the company’s stock.
Shares of AWK stock traded down $0.19 during trading hours on Friday, reaching $81.92. 1,216,387 shares of the company were exchanged, compared to its average volume of 861,613. American Water has a fifty-two week low of $74.63 and a fifty-two week high of $92.37. The firm has a market capitalization of $14,626.98, a price-to-earnings ratio of 27.04, a PEG ratio of 3.37 and a beta of 0.16. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21.
American Water (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. American Water had a net margin of 12.69% and a return on equity of 10.03%. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $843.36 million. During the same period in the previous year, the firm posted $0.57 earnings per share. American Water’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts forecast that American Water will post 3.26 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of American Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. UBS boosted their price objective on shares of American Water from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. HSBC upgraded shares of American Water from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $74.63 to $80.15 in a report on Friday, March 23rd. Wells Fargo upgraded shares of American Water from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $80.63 to $88.00 in a research report on Monday, February 26th. Finally, Guggenheim reiterated a “hold” rating and set a $82.00 target price on shares of American Water in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $89.24.
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American Water 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. 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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