Charter Oak Capital Management LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,472 shares of the utilities provider's stock, valued at approximately $224,000.
Several other large investors have also made changes to their positions in the business. Oakworth Capital Inc. acquired a new stake in American Water Works during the 3rd quarter worth about $33,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of American Water Works in the third quarter worth about $35,000. HBC Financial Services PLLC acquired a new position in shares of American Water Works in the second quarter worth about $46,000. SJS Investment Consulting Inc. purchased a new stake in shares of American Water Works during the 3rd quarter worth about $54,000. Finally, Hallmark Capital Management Inc. acquired a new stake in American Water Works in the third quarter valued at approximately $55,000. 83.06% of the stock is owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AWK. StockNews.com assumed coverage on American Water Works in a research report on Thursday, March 16th. They set a "hold" rating on the stock. TheStreet downgraded shares of American Water Works from a "b" rating to a "c+" rating in a research report on Wednesday, February 15th. Wells Fargo & Company lifted their price objective on American Water Works from $149.00 to $159.00 in a report on Wednesday, December 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $180.00 price objective on shares of American Water Works in a research note on Tuesday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $158.29.
American Water Works Trading Down 0.3 %
Shares of AWK stock opened at $141.22 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 1.42. The company's 50-day moving average price is $146.29 and its 200-day moving average price is $146.19. American Water Works Company, Inc. has a twelve month low of $122.77 and a twelve month high of $173.87. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.68 and a beta of 0.56.
American Water Works (NYSE:AWK – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.06. The business had revenue of $931.00 million during the quarter, compared to analysts' expectations of $923.74 million. American Water Works had a net margin of 21.62% and a return on equity of 10.76%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities analysts predict that American Water Works Company, Inc. will post 4.77 earnings per share for the current year.
About American Water Works
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American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.
Further Reading
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
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