Truewealth LLC bought a new stake in shares of American Water Works Company Inc (NYSE:AWK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,071 shares of the utilities provider’s stock, valued at approximately $189,000.
A number of other hedge funds also recently bought and sold shares of the business. Resources Investment Advisors Inc. purchased a new position in shares of American Water Works during the fourth quarter worth about $152,000. Lakeview Capital Partners LLC purchased a new position in shares of American Water Works during the fourth quarter worth about $214,000. Pinnacle Associates Ltd. purchased a new position in shares of American Water Works during the fourth quarter worth about $218,000. Haverford Trust Co. purchased a new position in shares of American Water Works during the fourth quarter worth about $221,000. Finally, Buckley Wealth Management LLC purchased a new position in shares of American Water Works during the fourth quarter worth about $228,000. 84.84% of the stock is owned by institutional investors and hedge funds.
Shares of American Water Works Company Inc (NYSE AWK) traded up $0.45 on Wednesday, reaching $81.20. The company’s stock had a trading volume of 904,582 shares, compared to its average volume of 1,160,000. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31. American Water Works Company Inc has a 1-year low of $74.63 and a 1-year high of $92.37. The stock has a market capitalization of $14,500.00, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.38 and a beta of 0.19.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $843.36 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts anticipate that American Water Works Company Inc will post 3.26 EPS for the current year.
Several research analysts have recently commented on the company. Robert W. Baird reissued a “neutral” rating and set a $88.00 price objective (down previously from $91.00) on shares of American Water Works in a report on Thursday, February 22nd. UBS Group initiated coverage on American Water Works in a research note on Thursday, March 8th. They issued a “buy” rating and a $89.00 target price for the company. They noted that the move was a valuation call. Guggenheim lowered American Water Works from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Bank of America set a $84.00 target price on American Water Works and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and an average price target of $88.89.
About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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