American Water Works Company, Inc. (NYSE:AWK) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,775 shares of the utilities provider’s stock after purchasing an additional 4,314 shares during the period. Cibc World Markets Corp’s holdings in American Water Works were worth $3,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in American Water Works during the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in American Water Works during the fourth quarter valued at approximately $48,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AWK. Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Three investment 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 company currently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Stock Down 1.8 %

American Water Works stock opened at $142.18 on Thursday. The firm has a market cap of $27.72 billion, a PE ratio of 26.38, a P/E/G ratio of 2.80 and a beta of 0.69. 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 firm’s 50 day moving average price is $130.55 and its two-hundred day moving average price is $134.54. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.09. The firm 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%. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

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.