Flagship Wealth Advisors LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Flagship Wealth Advisors LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 377 shares of the utilities provider’s stock, valued at approximately $47,000.

A number of other large investors also recently bought and sold shares of the stock. Terra Alpha Investments LLC acquired a new position in American Water Works in the fourth quarter valued at about $1,272,000. Signaturefd LLC lifted its position in American Water Works by 7.1% in the fourth quarter. Signaturefd LLC now owns 4,978 shares of the utilities provider’s stock valued at $620,000 after buying an additional 329 shares during the last quarter. Parallel Advisors LLC lifted its position in American Water Works by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,241 shares of the utilities provider’s stock valued at $528,000 after buying an additional 98 shares during the last quarter. Cibc World Markets Corp lifted its position in American Water Works by 16.3% in the fourth quarter. Cibc World Markets Corp now owns 30,775 shares of the utilities provider’s stock valued at $3,831,000 after buying an additional 4,314 shares during the last quarter. Finally, GWN Securities Inc. acquired a new position in American Water Works in the fourth quarter valued at about $287,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AWK. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company increased 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 report on Thursday, March 13th. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Stock Up 0.4 %

AWK stock opened at $144.86 on Tuesday. The company’s 50 day moving average price is $129.70 and its 200 day moving average price is $134.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.11 billion. On average, equities research analysts anticipate 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.