Sciencast Management LP Invests $507,000 in American Water Works Company, Inc. (NYSE:AWK)

Sciencast Management LP purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,071 shares of the utilities provider's stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crews Bank & Trust acquired a new position in shares of American Water Works during the fourth quarter valued at about $26,000. Providence First Trust Co bought a new position in American Water Works in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new position in American Water Works during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC increased 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 worth $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of American Water Works in the fourth quarter worth approximately $47,000. Institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent research reports. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. reduced 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, StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $141.86.

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American Water Works Stock Performance

Shares of AWK traded up $2.11 during mid-day trading on Thursday, hitting $143.24. The stock had a trading volume of 1,346,447 shares, compared to its average volume of 1,146,035. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The firm has a market cap of $27.92 billion, a P/E ratio of 26.58, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The business has a fifty day moving average price of $132.39 and a 200-day moving average price of $134.42.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data 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 net margin of 22.44% and a return on equity of 10.29%. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current 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.