American Water Works Company Inc (AWK) Stake Increased by Prudential PLC

Prudential PLC lifted its stake in shares of American Water Works Company Inc (NYSE:AWK) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,098 shares of the utilities provider’s stock after buying an additional 2,017 shares during the quarter. Prudential PLC’s holdings in American Water Works were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AWK. Federated Investors Inc. PA grew its position in shares of American Water Works by 9,419.3% during the 3rd quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock worth $81,221,000 after buying an additional 913,581 shares during the period. Vanguard Group Inc grew its position in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after buying an additional 436,131 shares during the period. BlackRock Inc. grew its position in shares of American Water Works by 3.1% during the 3rd quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock worth $1,233,619,000 after buying an additional 417,354 shares during the period. California Public Employees Retirement System grew its position in shares of American Water Works by 40.2% during the 4th quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock worth $84,650,000 after buying an additional 267,380 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of American Water Works by 47.0% during the 3rd quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock worth $62,969,000 after buying an additional 228,700 shares during the period. 84.10% of the stock is owned by institutional investors.

Shares of AWK opened at $105.81 on Friday. American Water Works Company Inc has a 12-month low of $77.73 and a 12-month high of $106.35. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $18.98 billion, a P/E ratio of 32.06, a PEG ratio of 3.65 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. The company had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $823.93 million. During the same period last year, the business earned $0.69 EPS. American Water Works’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that American Water Works Company Inc will post 3.58 earnings per share for the current fiscal year.

Several brokerages have recently commented on AWK. Janney Montgomery Scott reaffirmed a “buy” rating and set a $102.00 price objective on shares of American Water Works in a research report on Thursday, February 21st. Wells Fargo & Co raised their price objective on shares of American Water Works from $101.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Zacks Investment Research downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Robert W. Baird raised shares of American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 price objective for the company in a research report on Thursday, December 6th. Finally, Bank of America increased their target price on American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Buy” and a consensus target price of $99.35.

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American Water Works Company 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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

Further Reading: What is a Leveraged Buyout (LBO)?

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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