KLP Kapitalforvaltning AS Acquires New Position in American Water Works Company, Inc. (NYSE:AWK)

KLP Kapitalforvaltning AS purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 109,386 shares of the utilities provider's stock, valued at approximately $13,617,000. KLP Kapitalforvaltning AS owned approximately 0.06% of American Water Works at the end of the most recent reporting period.

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

Analysts Set New Price Targets

AWK has been the topic of several research analyst reports. StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, March 19th. Wells Fargo & Company raised their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $141.86.

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American Water Works Trading Up 1.1 %

Shares of NYSE AWK traded up $1.56 during trading on Thursday, reaching $142.69. The stock had a trading volume of 497,768 shares, compared to its average volume of 1,142,811. The business's 50-day moving average price is $132.39 and its 200-day moving average price is $134.42. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company has a market cap of $27.82 billion, a P/E ratio of 26.48, a PEG ratio of 2.80 and a beta of 0.69.

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

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.