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

Cibc World Markets Corp lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,775 shares of the utilities provider’s stock after acquiring 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 reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of 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 valued at $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Sovran Advisors LLC acquired a new stake in shares of American Water Works during the 4th quarter valued at approximately $277,000. M&T Bank Corp raised its position in shares of 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 valued at $8,123,000 after acquiring an additional 2,113 shares in the last quarter. Czech National Bank raised its position in shares of American Water Works by 6.5% during the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after acquiring an additional 2,562 shares in the last quarter. Finally, Swedbank AB raised its position in shares of American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after acquiring an additional 42,094 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AWK shares. Wells Fargo & Company upped their price target on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, American Water Works has an average rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Performance

AWK stock opened at $142.18 on Thursday. The company has a market capitalization of $27.72 billion, a P/E ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69. The company has a 50-day simple moving average of $130.55 and a 200 day simple moving average of $134.54. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The company had revenue of $1.20 billion during 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%. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share 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.