Relyea Zuckerberg Hanson LLC increased its position in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,050 shares of the utilities provider’s stock after acquiring an additional 498 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in American Water Works were worth $629,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of American Water Works by 21.6% during the 2nd quarter. AQR Capital Management LLC now owns 31,283 shares of the utilities provider’s stock valued at $4,023,000 after purchasing an additional 5,564 shares during the period. Nordea Investment Management AB boosted its holdings in shares of American Water Works by 5.5% in the fourth 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. Swedbank AB grew its position in American Water Works by 65.5% during the third quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after buying an additional 42,094 shares during the period. JPMorgan Chase & Co. grew its position in American Water Works by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 969,016 shares of the utilities provider’s stock valued at $141,709,000 after buying an additional 5,889 shares during the period. Finally, PFW Advisors LLC purchased a new stake in American Water Works during the fourth quarter valued at approximately $1,783,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
American Water Works Price Performance
Shares of NYSE AWK traded up $0.25 during mid-day trading on Friday, reaching $126.61. The company’s stock had a trading volume of 151,901 shares, compared to its average volume of 930,691. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a fifty day moving average of $129.76 and a two-hundred day moving average of $137.04. The firm has a market capitalization of $24.68 billion, a PE ratio of 25.03, a P/E/G ratio of 2.61 and a beta of 0.71.
American Water Works Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AWK. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Finally, Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average target price of $141.00.
Check Out Our Latest Analysis on AWK
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.
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