815 Shares in American Water Works Company, Inc. (NYSE:AWK) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 815 shares of the utilities provider’s stock, valued at approximately $101,000.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after acquiring an additional 125,128 shares in the last quarter. Sovran Advisors LLC acquired a new position in shares of American Water Works during the fourth quarter worth about $277,000. M&T Bank Corp boosted its position in shares of American Water Works by 3.3% in the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock worth $8,123,000 after buying an additional 2,113 shares during the period. Czech National Bank grew its stake in shares of American Water Works by 6.5% in the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after buying an additional 2,562 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of American Water Works by 65.5% during the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock valued at $15,557,000 after buying an additional 42,094 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company boosted their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Price Performance

Shares of AWK stock opened at $139.32 on Wednesday. The firm has a fifty day moving average of $132.04 and a two-hundred day moving average of $134.38. The firm has a market cap of $27.16 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07. 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 (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. As a group, research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.