American Water Works Company, Inc. (NYSE:AWK) Holdings Raised by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,709 shares of the utilities provider’s stock after acquiring an additional 215 shares during the period. OneAscent Financial Services LLC’s holdings in American Water Works were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Crews Bank & Trust purchased a new position in American Water Works in the fourth quarter valued at about $26,000. Providence First Trust Co acquired a new stake in shares of American Water Works during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new position in American Water Works during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in American Water Works in the fourth quarter worth approximately $47,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Price Performance

NYSE AWK opened at $147.36 on Friday. The stock has a market capitalization of $28.74 billion, a PE ratio of 27.34, a P/E/G ratio of 2.80 and a beta of 0.68. The stock has a 50-day simple moving average of $135.56 and a 200 day simple moving average of $134.49. 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 twelve month low of $113.34 and a twelve month high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analysts Forecast Growth

AWK has been the subject of several analyst reports. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. cut 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. Finally, Wells Fargo & Company increased their price objective 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.86.

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.