MSH Capital Advisors LLC Invests $2.22 Million in American Water Works Company, Inc. (NYSE:AWK)

MSH Capital Advisors LLC bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,803 shares of the utilities provider's stock, valued at approximately $2,216,000.

A number of other hedge funds also recently modified their holdings of the company. Zacks Investment Management boosted its stake in American Water Works by 0.6% in the 4th quarter. Zacks Investment Management now owns 148,267 shares of the utilities provider's stock worth $18,458,000 after purchasing an additional 881 shares during the period. Resurgent Financial Advisors LLC lifted its stake in American Water Works by 8.8% during the fourth quarter. Resurgent Financial Advisors LLC now owns 3,659 shares of the utilities provider's stock worth $456,000 after purchasing an additional 295 shares during the last quarter. Jump Financial LLC grew its holdings in shares of American Water Works by 5.0% during the 4th quarter. Jump Financial LLC now owns 8,358 shares of the utilities provider's stock valued at $1,040,000 after purchasing an additional 398 shares during the last quarter. Guggenheim Capital LLC lifted its stake in American Water Works by 5.9% in the 4th quarter. Guggenheim Capital LLC now owns 26,074 shares of the utilities provider's stock valued at $3,246,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in shares of American Water Works by 19.6% in the 4th quarter. Belpointe Asset Management LLC now owns 7,667 shares of the utilities provider's stock valued at $954,000 after acquiring an additional 1,256 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

AWK has been the subject of several recent analyst reports. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company lifted their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Finally, 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. Two 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $141.86.

American Water Works Stock Down 1.0 %

NYSE:AWK traded down $1.54 during midday trading on Monday, hitting $146.86. 178,603 shares of the company were exchanged, compared to its average volume of 1,221,603. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $28.64 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a fifty-two week low of $117.67 and a fifty-two week high of $155.50. The company has a fifty day simple moving average of $140.21 and a 200 day simple moving average of $134.22.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (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 for the quarter, compared to analysts' expectations of $1.11 billion. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share 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.