1,037 Shares in American Water Works Company, Inc. (NYSE:AWK) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,037 shares of the utilities provider’s stock, valued at approximately $129,000.

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

American Water Works Price Performance

American Water Works stock opened at $120.78 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The business’s 50 day simple moving average is $119.13 and its 200 day simple moving average is $124.20. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.24. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.90 and a beta of 0.63.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share 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 return on equity of 9.70% and a net margin of 22.30%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction that occurred on Monday, March 4th. The shares were 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 in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

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.