Country Trust Bank grew its holdings in shares of American Water Works Company Inc (NYSE:AWK) by 15.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 197,586 shares of the utilities provider’s stock after acquiring an additional 27,077 shares during the quarter. Country Trust Bank’s holdings in American Water Works were worth $20,600,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. BTIM Corp. raised its position in American Water Works by 12.3% in the 1st quarter. BTIM Corp. now owns 42,495 shares of the utilities provider’s stock worth $4,431,000 after purchasing an additional 4,670 shares during the period. Confluence Investment Management LLC purchased a new position in shares of American Water Works during the first quarter worth approximately $20,051,000. American Research & Management Co. purchased a new position in shares of American Water Works during the first quarter worth approximately $104,000. Asset Advisors Investment Management LLC increased its position in shares of American Water Works by 0.4% during the first quarter. Asset Advisors Investment Management LLC now owns 123,062 shares of the utilities provider’s stock worth $12,830,000 after acquiring an additional 535 shares during the period. Finally, Flagship Harbor Advisors LLC increased its position in shares of American Water Works by 5.2% during the first quarter. Flagship Harbor Advisors LLC now owns 3,869 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 191 shares during the period. 85.36% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on AWK shares. Zacks Investment Research reaffirmed a “buy” rating and set a $104.00 target price on shares of American Water Works in a research report on Monday, December 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of American Water Works in a research report on Wednesday, January 2nd. Bank of America raised their target price on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 21st. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 target price on shares of American Water Works in a research report on Thursday, February 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Water Works has a consensus rating of “Buy” and a consensus target price of $103.57.
AWK traded up $0.26 during trading on Wednesday, hitting $102.68. The stock had a trading volume of 385,557 shares, compared to its average volume of 998,699. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 3.59 and a beta of 0.25. American Water Works Company Inc has a twelve month low of $77.73 and a twelve month high of $107.71. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 1.29.
American Water Works (NYSE:AWK) last announced its earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. The company had revenue of $850.00 million during the quarter, compared to the consensus estimate of $823.93 million. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. American Water Works’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. On average, sell-side analysts expect that American Water Works Company Inc will post 3.58 EPS for the current year.
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American Water Works 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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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