Investment analysts at StockNews.com assumed coverage on shares of American Water Works (NYSE:AWK – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the utilities provider’s stock.
Several other brokerages also recently commented on AWK. TheStreet downgraded shares of American Water Works from a “b” rating to a “c+” rating in a report on Wednesday, February 15th. Wells Fargo & Company lifted their price objective on shares of American Water Works from $149.00 to $159.00 in a report on Wednesday, December 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price objective on shares of American Water Works in a report on Tuesday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $158.29.
American Water Works Stock Up 2.2 %
American Water Works stock opened at $140.63 on Thursday. The company’s 50 day simple moving average is $149.58 and its 200 day simple moving average is $146.88. American Water Works has a fifty-two week low of $122.77 and a fifty-two week high of $173.87. The firm has a market capitalization of $25.59 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 3.47 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.44 and a quick ratio of 0.41.
Hedge Funds Weigh In On American Water Works
A number of institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its holdings in American Water Works by 34.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,150 shares of the utilities provider’s stock worth $3,224,000 after buying an additional 5,433 shares during the last quarter. Claro Advisors LLC boosted its position in American Water Works by 23.3% during the fourth quarter. Claro Advisors LLC now owns 3,447 shares of the utilities provider’s stock worth $525,000 after purchasing an additional 651 shares during the period. Victory Capital Management Inc. boosted its position in American Water Works by 17.3% during the fourth quarter. Victory Capital Management Inc. now owns 93,443 shares of the utilities provider’s stock worth $14,243,000 after purchasing an additional 13,811 shares during the period. OLD Mission Capital LLC bought a new position in American Water Works during the fourth quarter worth $36,000. Finally, Voya Investment Management LLC boosted its position in American Water Works by 2.0% during the fourth quarter. Voya Investment Management LLC now owns 71,814 shares of the utilities provider’s stock worth $10,946,000 after purchasing an additional 1,416 shares during the period. 83.06% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Company Profile
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
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