Callan Family Office LLC Invests $419,000 in American Water Works Company, Inc. (NYSE:AWK)

Callan Family Office LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,368 shares of the utilities provider’s stock, valued at approximately $419,000.

Several other institutional investors have also bought and sold shares of AWK. Crews Bank & Trust bought a new stake in shares of American Water Works in the fourth quarter valued at $26,000. Providence First Trust Co purchased a new stake in American Water Works in the 4th quarter worth about $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works in the 4th quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new stake in American Water Works during the third quarter valued at about $51,000. Finally, Assetmark Inc. boosted its position in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 5.4 %

Shares of NYSE:AWK opened at $145.61 on Monday. The firm has a fifty day moving average price of $127.25 and a two-hundred day moving average price of $134.33. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $150.68.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analysts Set New Price Targets

AWK has been the topic of several research reports. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on American Water Works from $129.00 to $133.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.57.

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.