38,346 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 38,346 shares of the utilities provider’s stock, valued at approximately $4,774,000.

Several other large investors also recently bought and sold shares of the business. IHT Wealth Management LLC increased its holdings in 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 worth $938,000 after buying an additional 76 shares in the last quarter. Assetmark Inc. increased its holdings in American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares in the last quarter. Brookfield Corp ON increased its holdings in American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 89 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock worth $250,000 after buying an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Down 0.1 %

AWK stock opened at $144.67 on Wednesday. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $28.20 billion, a P/E ratio of 26.84, a PEG ratio of 2.80 and a beta of 0.69. The business’s 50-day moving average price is $130.16 and its 200-day moving average price is $134.49.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. dropped their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.