LPL Financial LLC Grows Position in American Water (AWK)

LPL Financial LLC raised its stake in American Water (NYSE:AWK) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,369 shares of the utilities provider’s stock after purchasing an additional 1,609 shares during the quarter. LPL Financial LLC’s holdings in American Water were worth $5,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its stake in American Water by 2.1% during the 4th quarter. BlackRock Inc. now owns 13,263,914 shares of the utilities provider’s stock worth $1,213,515,000 after buying an additional 276,485 shares during the period. Wells Fargo & Company MN increased its stake in American Water by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,051,998 shares of the utilities provider’s stock worth $279,228,000 after buying an additional 303,098 shares during the period. Geode Capital Management LLC increased its stake in American Water by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,949,195 shares of the utilities provider’s stock worth $177,978,000 after buying an additional 110,809 shares during the period. Impax Asset Management LTD increased its stake in American Water by 5.7% during the 3rd quarter. Impax Asset Management LTD now owns 1,937,460 shares of the utilities provider’s stock worth $156,760,000 after buying an additional 105,051 shares during the period. Finally, Cohen & Steers Inc. increased its stake in American Water by 8.7% during the 3rd quarter. Cohen & Steers Inc. now owns 1,704,908 shares of the utilities provider’s stock worth $137,944,000 after buying an additional 136,144 shares during the period. Institutional investors own 84.76% of the company’s stock.

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Shares of NYSE AWK traded up $1.76 during midday trading on Monday, hitting $82.62. The company’s stock had a trading volume of 1,254,355 shares, compared to its average volume of 1,153,348. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31. The firm has a market capitalization of $14,437.71, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.32 and a beta of 0.16. American Water has a 1-year low of $74.63 and a 1-year high of $92.37.

American Water (NYSE:AWK) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $843.36 million. American Water had a net margin of 12.69% and a return on equity of 10.03%. American Water’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. equities analysts forecast that American Water will post 3.26 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Bank of America downgraded shares of American Water from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $85.70 to $91.00 in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of American Water from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. HSBC raised shares of American Water from a “hold” rating to a “buy” rating and boosted their target price for the stock from $74.63 to $80.15 in a research report on Friday, March 23rd. Guggenheim reissued a “hold” rating and issued a $82.00 target price on shares of American Water in a research report on Friday, February 23rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $88.00 target price (down previously from $91.00) on shares of American Water in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $89.52.

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About American Water

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.

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

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