CoreFirst Bank & Trust Acquires New Position in American Water Works Company, Inc. (NYSE:AWK)

CoreFirst Bank & Trust bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 815 shares of the utilities provider’s stock, valued at approximately $101,000.

A number of other hedge funds also recently added to or reduced their stakes in AWK. IHT Wealth Management LLC grew its holdings in shares of American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock worth $938,000 after acquiring an additional 76 shares during the period. Brookfield Corp ON grew its holdings in American Water Works by 0.3% in the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after purchasing an additional 89 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of American Water Works by 4.6% in the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after buying an additional 89 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock worth $50,000 after buying an additional 90 shares during the last quarter. Finally, Glenview Trust co boosted its position in shares of American Water Works by 1.9% in the 4th quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock worth $621,000 after buying an additional 93 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AWK has been the subject of several recent research reports. Wells Fargo & Company raised their target price 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 downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Performance

American Water Works stock opened at $139.32 on Wednesday. The stock has a fifty day moving average price of $132.04 and a 200 day moving average price of $134.38. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The firm has a market capitalization of $27.16 billion, a P/E ratio of 25.85, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its earnings results 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 during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works 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.