CVA Family Office LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

CVA Family Office LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 360 shares of the utilities provider’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in American Water Works by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock worth $103,268,000 after acquiring an additional 30,316 shares during the period. Aviva PLC raised its stake in shares of American Water Works by 33.1% during the 1st quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock worth $12,996,000 after purchasing an additional 19,512 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of American Water Works by 53.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 721 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after purchasing an additional 434,737 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of American Water Works by 21.9% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Insider Activity at American Water Works

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

American Water Works Trading Up 3.1 %

NYSE AWK opened at $121.50 on Thursday. The stock has a 50-day simple moving average of $121.20 and a 200 day simple moving average of $125.81. The company has a market capitalization of $23.66 billion, a PE ratio of 24.85, a P/E/G ratio of 2.89 and a beta of 0.63. 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 Company, Inc. has a 12 month low of $114.25 and a 12 month high of $153.43.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. Research analysts forecast that American Water Works Company, Inc. will post 5.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AWK. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday.

American Water Works Profile

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.