Smith Moore & CO. Has $731,000 Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Smith Moore & CO. boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,869 shares of the utilities provider’s stock after acquiring an additional 349 shares during the period. Smith Moore & CO.’s holdings in American Water Works were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AWK. Norges Bank bought a new position in American Water Works in the 4th quarter valued at about $294,524,000. Victory Capital Management Inc. raised its stake in shares of American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Groupama Asset Managment boosted its position in shares of American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares during the last quarter. Raymond James Financial Inc. bought a new stake in American Water Works during the fourth quarter worth $71,120,000. Finally, Amundi raised its position in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after buying an additional 477,411 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $141.86.

American Water Works Stock Down 3.0 %

AWK opened at $147.36 on Friday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $155.50. The company’s 50-day moving average price is $135.56 and its two-hundred day moving average price is $134.49. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 2.80 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Company 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.