Steward Partners Investment Advisory LLC Buys 500 Shares of American Water Works Company, Inc. (NYSE:AWK)

Steward Partners Investment Advisory LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,739 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in American Water Works were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in American Water Works during the 4th quarter valued at about $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of American Water Works in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new position in shares of American Water Works in the 4th quarter worth approximately $48,000. Finally, Rosenberg Matthew Hamilton grew its position in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 90 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of AWK stock opened at $145.61 on Friday. The firm has a market cap of $28.39 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. 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 50-day moving average price of $127.25 and a 200 day moving average price of $134.43.

American Water Works (NYSE:AWK) last issued its quarterly earnings results 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 net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AWK. JPMorgan Chase & Co. cut their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $140.57.

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.