CreativeOne Wealth LLC Invests $259,000 in American Water Works Company, Inc. (NYSE:AWK)

CreativeOne Wealth LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,078 shares of the utilities provider's stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of American Water Works during the fourth quarter valued at approximately $26,000. Providence First Trust Co acquired a new position in shares of American Water Works during the 4th quarter valued at $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter worth $28,000. EverSource Wealth Advisors LLC raised its stake in shares of American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at $47,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 1.4 %

Shares of AWK traded down $2.03 during midday trading on Wednesday, hitting $147.23. The stock had a trading volume of 1,510,816 shares, compared to its average volume of 1,224,624. The business has a 50-day simple moving average of $141.10 and a two-hundred day simple moving average of $134.36. The firm has a market cap of $28.71 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. 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 fifty-two week low of $118.15 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AWK shares. Wells Fargo & Company lifted their target price on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. StockNews.com raised shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their target price on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Finally, Barclays began coverage on shares of American Water Works in a report on Tuesday. They set an "underweight" rating and a $138.00 target price for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $141.38.

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.