Ipsen Advisor Group LLC Invests $418,000 in American Water Works Company, Inc. (NYSE:AWK)

Ipsen Advisor Group LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,356 shares of the utilities provider’s stock, valued at approximately $418,000.

A number of other large investors also recently bought and sold shares of AWK. IHT Wealth Management LLC increased its holdings in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Brookfield Corp ON boosted its position in American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 89 shares in the last quarter. Bleakley Financial Group LLC grew its stake in American Water Works by 4.6% in the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. Finally, Glenview Trust co lifted its position in shares of American Water Works by 1.9% during the fourth quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock valued at $621,000 after buying an additional 93 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.3 %

NYSE AWK opened at $139.32 on Wednesday. The company has a fifty day simple moving average of $132.04 and a two-hundred day simple moving average of $134.38. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.07. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market cap of $27.16 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.80 and a beta of 0.69.

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

Wall Street Analyst Weigh In

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

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.