Avalon Trust Co Invests $18.66 Million in American Water Works Company, Inc. (NYSE:AWK)

Avalon Trust Co bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 149,925 shares of the utilities provider's stock, valued at approximately $18,664,000. American Water Works makes up about 1.3% of Avalon Trust Co's investment portfolio, making the stock its 23rd biggest position. Avalon Trust Co owned 0.08% of American Water Works at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of American Water Works in the 4th quarter valued at $26,000. Providence First Trust Co acquired a new position in shares of American Water Works in the fourth quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in shares of American Water Works in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC increased its position in shares of American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 89 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the subject of a number of recent analyst reports. StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday. Wells Fargo & Company raised 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. Finally, JPMorgan Chase & Co. dropped their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.86.

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American Water Works Stock Down 0.3 %

AWK traded down $0.37 during trading on Thursday, reaching $141.68. 1,387,288 shares of the stock traded hands, compared to its average volume of 1,138,180. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The stock's 50-day simple moving average is $130.55 and its two-hundred day simple moving average is $134.54. The stock has a market cap of $27.62 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works 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.