NEW YORK (

TheStreet

) --

American Water Works

(NYSE:

AWK

) hit a new 52-week high Thursday as it traded at $28.33 compared with its previous 52-Week high of $28.29. American Water Works is changing hands at $28.30 with 320,684 shares traded as of 11:36 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

American Water Works has a market cap of $4.9 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 10.5% year to date as of the close of trading on Wednesday.

American Water Works Company, Inc. provides water and wastewater services to residential, commercial, and industrial customers in the United States and Canada. The company has a P/E ratio of 18.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates American Water Works as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

American Water Works Ratings Report

.

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