West Tower Group LLC Makes New $423,000 Investment in American Water Works Company, Inc. (NYSE:AWK)

West Tower Group LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,400 shares of the utilities provider's stock, valued at approximately $423,000.

A number of other hedge funds also recently made changes to their positions in the stock. Crews Bank & Trust bought a new stake in American Water Works during the fourth quarter valued at about $26,000. Providence First Trust Co bought a new stake in American Water Works during the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC purchased a new position in American Water Works in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in American Water Works during the 4th quarter valued at approximately $47,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AWK has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of 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. StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Water Works presently has an average rating of "Hold" and an average target price of $141.86.

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American Water Works Trading Down 0.6 %

AWK traded down $0.91 during trading on Friday, reaching $140.90. The company had a trading volume of 2,605,712 shares, compared to its average volume of 1,144,972. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The business has a 50 day simple moving average of $131.33 and a 200-day simple moving average of $134.51. The stock has a market cap of $27.47 billion, a P/E ratio of 26.14, 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.

American Water Works (NYSE:AWK - Get Free Report) last released its 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal 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.