Cahaba Wealth Management Inc. Purchases 117 Shares of American Water Works Company, Inc. (NYSE:AWK)

Cahaba Wealth Management Inc. grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,888 shares of the utilities provider’s stock after buying an additional 117 shares during the period. Cahaba Wealth Management Inc.’s holdings in American Water Works were worth $2,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in American Water Works during the fourth quarter valued at $294,524,000. Victory Capital Management Inc. increased its holdings in shares of American Water Works by 120.7% during the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock valued at $395,180,000 after acquiring an additional 1,736,258 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of American Water Works in the 4th quarter worth about $71,120,000. Amundi raised its position in shares of American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after purchasing an additional 477,411 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in American Water Works by 15.2% in the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider’s stock worth $391,205,000 after purchasing an additional 414,568 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent analyst reports. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Friday, April 4th. Wells Fargo & Company boosted their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Trading Up 2.0 %

NYSE:AWK opened at $146.06 on Monday. The company has a market cap of $28.48 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. 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 company has a 50 day simple moving average of $137.81 and a two-hundred day simple moving average of $134.14. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $155.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings data 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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. Research analysts forecast 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.