Sciencast Management LP Invests $507,000 in American Water Works Company, Inc. (NYSE:AWK)

Sciencast Management LP acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,071 shares of the utilities provider’s stock, valued at approximately $507,000.

Other hedge funds also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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 company’s stock. According to MarketBeat, American Water Works currently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Price Performance

Shares of AWK stock opened at $140.90 on Friday. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The stock has a market cap of $27.47 billion, a PE ratio of 26.14, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The firm’s 50 day moving average price is $131.33 and its two-hundred day moving average price is $134.51.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. As a group, analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current 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.