Aster Capital Management DIFC Ltd Raises Position in American Water Works Company, Inc. (NYSE:AWK)

Aster Capital Management DIFC Ltd raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 58.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,105 shares of the utilities provider’s stock after buying an additional 1,510 shares during the period. Aster Capital Management DIFC Ltd’s holdings in American Water Works were worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. purchased a new stake in American Water Works during the 4th quarter valued at about $7,255,000. Smith Moore & CO. boosted its stake in shares of American Water Works by 6.3% during the fourth quarter. Smith Moore & CO. now owns 5,869 shares of the utilities provider’s stock valued at $731,000 after purchasing an additional 349 shares during the period. Prudential PLC grew its holdings in shares of American Water Works by 186.4% in the fourth quarter. Prudential PLC now owns 17,450 shares of the utilities provider’s stock worth $2,172,000 after purchasing an additional 11,357 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in shares of American Water Works by 6.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 2,206 shares of the utilities provider’s stock worth $274,000 after buying an additional 141 shares during the period. Finally, OneAscent Financial Services LLC raised its holdings in American Water Works by 14.4% during the 4th quarter. OneAscent Financial Services LLC now owns 1,709 shares of the utilities provider’s stock valued at $213,000 after buying an additional 215 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AWK shares. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company boosted their price target on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $141.86.

American Water Works Stock Down 3.0 %

Shares of NYSE:AWK opened at $147.36 on Monday. 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 52-week low of $113.34 and a 52-week high of $155.50. The firm has a market capitalization of $28.74 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.80 and a beta of 0.68. The stock has a 50 day moving average price of $135.56 and a 200-day moving average price of $134.28.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. The business 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%. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal 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.