SSgA Funds Management, Inc. recently announced the acquisition of new stake in American Water Works Company Inc. (NYSE:AWK). The institutional investor has increased its shareholding in the Utilities company by 2.44% to 10.11 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 5.58% valued currently at $1.3 billion. In addition, Pictet Asset Management SA raised its holdings by 0.86 million to 5.69 million shares. And RBC Global Asset Management (UK). has lifted its position by 26.22% or 0.68 million shares – to 3.25 million shares.
With over 1.17 million American Water Works Company Inc. (AWK) shares trading Tuesday and a closing price of $134.84 on the day, the dollar volume was approximately $157.81 million. The shares have shown a positive weekly performance of 3.48% and its price on 07/14/20 gained nearly 1.41%. Currently, there are 181.00M common shares owned by the public and among those 180.24M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for AWK have a consensus price objective of $133.57. The analysts have set the share’s price value over the next 12 months at a high of $153.00 and a low of $118.00 should the stock experience a downside. Incidentally, analysts’ outlook for the American Water Works Company Inc. stock is 2.30 for the next 12 months. The average price target is -0.75% below its last price level and a downside to the estimated low will see the stock lose -14.27% over that period. But an upside of 11.87% will see the stock hit the forecast high price target while mean target price for the stock is $136.00.
Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 115,087 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 75,558 shares.
The top 3 mutual fund holders in American Water Works Company Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 5.19 million shares of the company’s stock, all valued at over $668.03 million. The company sold 21300.0 shares recently to bring their total holdings to about 2.87% of the shares outstanding. Vanguard Mid Cap Index Fund bought 28155.0 shares to see its total holdings expand to 4.72 million shares valued at over $607.06 million and representing 2.61% of the shares outstanding. Vanguard 500 Index Fund sold 7393.0 shares to bring its total holdings to over 3.69 million shares at a value of $475.0 million. Vanguard 500 Index Fund now owns shares totaling to 2.04% of the shares outstanding.
Shares of American Water Works Company Inc. (NYSE: AWK) opened at $133.43, up $0.46 from a prior closing price of $132.97. However, the script later closed the day at $134.84, up 1.41%. The company’s stock has a 5-day price change of 3.48% and 0.92% over the past three months. AWK shares are trading 9.76% year to date (YTD), with the 12-month market performance up to 16.26% higher. It has a 12-month low price of $92.00 and touched a high of $141.70 over the same period. Currently, 1.17 million shares have been traded, compared to an average intraday trading volume of 962.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.82%, 7.41%, and 7.74% respectively.
Institutional ownership of American Water Works Company Inc. (NYSE: AWK) shares accounts for 88.40% of the company’s 181.00M shares outstanding. Mutual fund holders own 41.50%, while other institutional holders and individual stakeholders account for 46.75% and 2.62% respectively.
It has a market capitalization of $23.92B and a beta (3y monthly) value of 0.20. The stock’s trailing 12-month PE ratio is 38.61, while the earnings-per-share (ttm) stands at $3.49. The company has a PEG of 4.65 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 1.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.42% over the month.
Analysts forecast that American Water Works Company Inc. (AWK) will achieve an EPS of $0.95 for the current quarter, $1.37 for the next quarter and $4.23 for 2021. The lowest estimate earnings-per-share for the quarter is $0.9 while analysts give the company a high EPS estimate of $1.02. Comparatively, EPS for the current quarter was $0.94 a year ago. Earnings per share for the fiscal year are expected to increase by 6.70%, and 10.05% over the next financial year. EPS should grow at an annualized rate of 8.30% over the next five years, compared to 7.50% over the past 5-year period.
Looking at the support for the AWK, a number of firms have released research notes about the stock. Seaport Global Securities stated their Buy rating for the stock in a research note on May 20, 2020, with the firm’s price target at $130. RBC Capital Mkts coverage for the American Water Works Company Inc. (AWK) stock in a research note released on April 24, 2020 offered a Outperform rating with a price target of $141. Goldman was of a view on April 16, 2020 that the stock is Buy, while UBS gave the stock Neutral rating on February 04, 2020, issuing a price target of $133- $148. JP Morgan on their part issued Neutral rating on November 15, 2019.