American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Glenview Trust co

Glenview Trust co raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,986 shares of the utilities provider’s stock after purchasing an additional 93 shares during the quarter. Glenview Trust co’s holdings in American Water Works were worth $621,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings 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 last quarter. Sovran Advisors LLC bought a new position in American Water Works during the 4th quarter worth approximately $277,000. M&T Bank Corp lifted its holdings in American Water Works by 3.3% during the 4th quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock worth $8,123,000 after buying an additional 2,113 shares during the last quarter. Czech National Bank lifted its holdings in American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock worth $5,261,000 after buying an additional 2,562 shares during the last quarter. Finally, Swedbank AB lifted its holdings in American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after buying an additional 42,094 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AWK. 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 report on Tuesday, November 19th. Wells Fargo & Company raised their price target on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Stock Up 0.4 %

Shares of AWK stock opened at $144.86 on Tuesday. 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 has a market cap of $28.24 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The business’s fifty day moving average is $129.70 and its 200-day moving average is $134.47. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (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 analysts’ expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

About American Water Works

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.