Empire Life Investments Inc. grew its stake in shares of American Water Works Company Inc (NYSE:AWK) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,456 shares of the utilities provider’s stock after acquiring an additional 1,322 shares during the quarter. Empire Life Investments Inc.’s holdings in American Water Works were worth $4,799,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Resources Investment Advisors Inc. acquired a new position in shares of American Water Works during the fourth quarter valued at about $152,000. Truewealth LLC acquired a new position in American Water Works in the 4th quarter valued at $189,000. Lakeview Capital Partners LLC acquired a new position in American Water Works in the 4th quarter valued at $214,000. Pinnacle Associates Ltd. acquired a new position in American Water Works in the 4th quarter valued at $218,000. Finally, Haverford Trust Co. acquired a new stake in shares of American Water Works in the 4th quarter worth $221,000. Hedge funds and other institutional investors own 84.84% of the company’s stock.
American Water Works Company Inc (NYSE:AWK) opened at $81.36 on Monday. The company has a market capitalization of $14,526.98, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 3.35 and a beta of 0.19. American Water Works Company Inc has a 12-month low of $74.63 and a 12-month high of $92.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31.
A number of analysts have issued reports on AWK shares. Bank of America set a $84.00 target price on American Water Works and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Argus raised their price objective on American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. UBS Group assumed coverage on American Water Works in a research report on Thursday. They set a “buy” rating and a $89.00 price objective for the company. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised American Water Works from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $80.63 to $88.00 in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.89.
American Water Works Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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