DekaBank Deutsche Girozentrale Increases Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)


Share on StockTwits

DekaBank Deutsche Girozentrale increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,535 shares of the utilities provider’s stock after acquiring an additional 35,216 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.13% of American Water Works worth $34,717,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Corient Capital Partners LLC lifted its holdings in American Water Works by 0.8% during the fourth quarter. Corient Capital Partners LLC now owns 8,220 shares of the utilities provider’s stock worth $1,262,000 after acquiring an additional 69 shares during the period. PFG Advisors lifted its holdings in American Water Works by 1.3% during the fourth quarter. PFG Advisors now owns 5,882 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 74 shares during the period. Cetera Advisor Networks LLC lifted its holdings in American Water Works by 0.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 9,273 shares of the utilities provider’s stock worth $1,423,000 after acquiring an additional 78 shares during the period. VeraBank N.A. lifted its holdings in American Water Works by 1.6% during the fourth quarter. VeraBank N.A. now owns 5,028 shares of the utilities provider’s stock worth $771,000 after acquiring an additional 80 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its holdings in American Water Works by 6.4% during the third quarter. Stonebridge Capital Advisors LLC now owns 1,437 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

NYSE:AWK opened at $152.93 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.87. American Water Works Company, Inc. has a 52-week low of $112.50 and a 52-week high of $172.56. The firm has a market cap of $27.75 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 4.66 and a beta of 0.18. The business’s fifty day moving average is $144.78 and its 200 day moving average is $152.20.

American Water Works (NYSE:AWK) last posted its earnings results on Tuesday, February 23rd. The utilities provider reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. American Water Works had a return on equity of 11.03% and a net margin of 17.63%. The business had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $925.50 million. Equities analysts predict that American Water Works Company, Inc. will post 3.9 EPS for the current fiscal year.

AWK has been the topic of several research reports. Atlantic Securities initiated coverage on American Water Works in a research note on Thursday, January 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating in a research note on Monday, December 14th. Janney Montgomery Scott upgraded American Water Works from a “neutral” rating to a “buy” rating and set a $159.00 target price on the stock in a research note on Thursday, March 4th. US Capital Advisors restated an “overweight” rating on shares of American Water Works in a research note on Thursday, January 21st. Finally, Barclays boosted their target price on American Water Works from $173.00 to $184.00 and gave the company an “equal weight” rating in a research note on Friday, January 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $152.70.

American Water Works 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 16 states serving approximately 3.5 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, such as schools and universities; and other utilities and community water and wastewater systems.

See Also: G-20

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

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.