Telemus Capital LLC Buys 272 Shares of American Water Works Company, Inc. (NYSE:AWK)

Telemus Capital LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,530 shares of the utilities provider’s stock after acquiring an additional 272 shares during the period. Telemus Capital LLC’s holdings in American Water Works were worth $466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MV Capital Management Inc. lifted its stake in American Water Works by 110.8% during the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares during the period. ORG Partners LLC lifted its stake in American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the period. Compagnie Lombard Odier SCmA bought a new position in American Water Works during the 3rd quarter valued at about $33,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of American Water Works in the 4th quarter worth approximately $35,000. Finally, Key Financial Inc lifted its stake in shares of American Water Works by 266.7% in the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 200 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.6 %

American Water Works stock opened at $119.26 on Tuesday. The firm has a 50 day moving average of $119.20 and a 200 day moving average of $124.21. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.83 and a beta of 0.63. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.99. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last released its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. As a group, research analysts predict that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

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.