Strong Tower Advisory Services raised its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 44.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,521 shares of the utilities provider’s stock after purchasing an additional 7,852 shares during the period. Strong Tower Advisory Services’ holdings in American Water Works were worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at approximately $33,000. 86.58% of the stock is currently owned by institutional investors.
American Water Works Stock Down 1.4%
NYSE AWK opened at $137.29 on Friday. The firm has a market cap of $26.81 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 3.07 and a beta of 0.74. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $150.51. The stock’s 50 day simple moving average is $133.87 and its 200 day simple moving average is $133.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Barclays lowered their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. UBS Group set a $149.00 target price on shares of American Water Works in a report on Wednesday, December 17th. Finally, Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $117.00 to $139.00 in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.89.
View Our Latest Analysis on American Water Works
About American Water Works
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
Further Reading
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