American Water Works Company, Inc. (NYSE:AWK) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,064 shares of the utilities provider’s stock after acquiring an additional 786 shares during the quarter. Congress Wealth Management LLC DE’s holdings in American Water Works were worth $879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pitcairn Co. purchased a new stake in American Water Works during the 3rd quarter worth approximately $201,000. Bank of Montreal Can raised its stake in shares of American Water Works by 3.1% in the third quarter. Bank of Montreal Can now owns 390,302 shares of the utilities provider’s stock valued at $56,566,000 after acquiring an additional 11,663 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in American Water Works by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 126,974 shares of the utilities provider’s stock worth $18,569,000 after purchasing an additional 1,250 shares in the last quarter. D.A. Davidson & CO. raised its position in American Water Works by 6.1% in the 3rd quarter. D.A. Davidson & CO. now owns 18,309 shares of the utilities provider’s stock valued at $2,678,000 after purchasing an additional 1,054 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of American Water Works by 11.5% in the 3rd quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock valued at $51,716,000 after buying an additional 36,424 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 1.5 %

NYSE AWK opened at $143.24 on Friday. The firm’s fifty day moving average price is $132.73 and its 200 day moving average price is $134.49. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The company has a market capitalization of $27.92 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company raised 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 report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective 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. Finally, StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works 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.