West Tower Group LLC Acquires New Shares in American Water Works Company, Inc. (NYSE:AWK)

West Tower Group LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,400 shares of the utilities provider’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC raised its position in American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares during the last quarter. Assetmark Inc. raised its position in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the last quarter. Brookfield Corp ON raised its position in American Water Works by 0.3% during the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 89 shares during the last quarter. Bleakley Financial Group LLC raised its position in American Water Works by 4.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised 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 valued at $50,000 after purchasing an additional 90 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price 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 increased 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. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Stock Performance

Shares of AWK opened at $144.67 on Wednesday. The business’s fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $134.49. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

About American Water Works

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.