Fidelis Capital Partners LLC Invests $239,000 in American Water Works Company, Inc. (NYSE:AWK)

Fidelis Capital Partners LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,808 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $103,268,000 after buying an additional 30,316 shares in the last quarter. Aviva PLC lifted 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 valued at $12,996,000 after buying an additional 19,512 shares in the last quarter. Sequoia Financial Advisors LLC lifted 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 valued at $344,000 after buying an additional 721 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $3,635,157,000 after buying an additional 434,737 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted 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 valued at $362,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

American Water Works Stock Performance

Shares of NYSE AWK opened at $118.52 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The company has a market cap of $23.09 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.80 and a beta of 0.63. The firm’s fifty day moving average is $119.29 and its two-hundred day moving average is $124.17. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.99.

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

Analyst Ratings Changes

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

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.