Congress Wealth Management LLC DE Boosts Stake in American Water Works Company, Inc. (NYSE:AWK)

Congress Wealth Management LLC DE lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,064 shares of the utilities provider’s stock after purchasing an additional 786 shares during the period. Congress Wealth Management LLC DE’s holdings in American Water Works were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AWK. Crews Bank & Trust purchased a new stake in shares of American Water Works in the fourth quarter valued at approximately $26,000. Providence First Trust Co purchased a new stake in American Water Works in the 4th quarter worth $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the fourth quarter worth $28,000. EverSource Wealth Advisors LLC lifted its holdings in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in American Water Works during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $143.24 on Friday. The business’s 50 day moving average price is $132.73 and its 200 day moving average price is $134.49. The company has a market cap of $27.92 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.07.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analyst Weigh In

AWK has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company increased their target price on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Finally, StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.86.

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 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.