HPM Partners LLC boosted its position in American Water Works Company Inc (NYSE:AWK) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,144 shares of the utilities provider’s stock after purchasing an additional 1,328 shares during the quarter. HPM Partners LLC’s holdings in American Water Works were worth $3,307,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Investment Advisors Inc. acquired a new position in American Water Works in the 4th quarter valued at $152,000. Truewealth LLC acquired a new position in American Water Works in the 4th quarter valued at $189,000. Lakeview Capital Partners LLC acquired a new position in American Water Works in the 4th quarter valued at $214,000. Pinnacle Associates Ltd. acquired a new position in shares of American Water Works during the 4th quarter worth $218,000. Finally, Haverford Trust Co. acquired a new position in shares of American Water Works during the 4th quarter worth $221,000. 84.84% of the stock is owned by hedge funds and other institutional investors.
American Water Works Company Inc (NYSE:AWK) opened at $81.36 on Monday. American Water Works Company Inc has a fifty-two week low of $74.63 and a fifty-two week high of $92.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.31 and a quick ratio of 0.29. The stock has a market capitalization of $14,526.98, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.35 and a beta of 0.19.
A number of equities analysts have recently commented on AWK shares. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, December 19th. Argus boosted their price target on American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Guggenheim cut American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Bank of America cut American Water Works from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $85.70 to $91.00 in a report on Thursday, January 11th. Finally, Robert W. Baird reissued a “neutral” rating and set a $88.00 price target (down previously from $91.00) on shares of American Water Works in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $88.89.
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About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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