American Water Works (NYSE:AWK) Stock Rating Upgraded by Wells Fargo & Company

American Water Works (NYSE:AWK) was upgraded by equities research analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm currently has a $129.00 price objective on the utilities provider’s stock, down from their previous price objective of $133.00. Wells Fargo & Company‘s price objective suggests a potential upside of 5.89% from the stock’s current price.

Several other research firms have also issued reports on AWK. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Mizuho downgraded American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Bank of America reiterated an “underperform” rating and issued a $140.00 price target on shares of American Water Works in a research note on Friday, September 20th. Finally, Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.00.

American Water Works Trading Down 1.6 %

Shares of NYSE AWK opened at $121.82 on Tuesday. American Water Works has a 1 year low of $113.34 and a 1 year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a 50-day moving average of $131.69 and a 200 day moving average of $137.48. The stock has a market cap of $23.74 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71.

Hedge Funds Weigh In On American Water Works

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC grew its stake in shares of American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 182 shares during the period. Ashton Thomas Securities LLC bought a new stake in American Water Works in the 3rd quarter worth approximately $51,000. Assetmark Inc. raised its stake in American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after buying an additional 89 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of American Water Works by 446.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock valued at $62,000 after buying an additional 348 shares during the period. Finally, Sugarloaf Wealth Management LLC boosted its stake in shares of American Water Works by 25.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after buying an additional 96 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

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.