Flagship Harbor Advisors LLC boosted its position in shares of American Water Works Company Inc (NYSE:AWK) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,869 shares of the utilities provider’s stock after acquiring an additional 191 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in American Water Works were worth $403,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in American Water Works during the fourth quarter worth $28,000. Financial Gravity Companies Inc. bought a new stake in American Water Works during the fourth quarter worth $32,000. Capital Financial Planning LLC bought a new stake in American Water Works during the fourth quarter worth $31,000. Ruggie Capital Group bought a new stake in American Water Works during the fourth quarter worth $31,000. Finally, JNBA Financial Advisors bought a new stake in American Water Works during the fourth quarter worth $32,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
AWK has been the topic of several analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $104.00 price target on shares of American Water Works in a research report on Monday, December 31st. Wells Fargo & Co reissued a “buy” rating on shares of American Water Works in a research report on Wednesday, January 2nd. Bank of America increased their price objective on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 21st. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $102.00 price objective on shares of American Water Works in a research report on Thursday, February 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.57.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. The company had revenue of $850.00 million for the quarter, compared to analyst estimates of $823.93 million. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that American Water Works Company Inc will post 3.58 EPS 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 and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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