F M Investments LLC Buys Shares of 2,196 American Water Works Company, Inc. (NYSE:AWK)

F M Investments LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,196 shares of the utilities provider’s stock, valued at approximately $290,000.

Several other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in shares of American Water Works by 7,752.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after purchasing an additional 477,235 shares during the period. International Assets Investment Management LLC grew its holdings in shares of American Water Works by 12,606.5% during the 4th quarter. International Assets Investment Management LLC now owns 463,913 shares of the utilities provider’s stock worth $612,320,000 after purchasing an additional 460,262 shares during the period. Raymond James & Associates grew its holdings in shares of American Water Works by 174.2% during the 3rd quarter. Raymond James & Associates now owns 518,596 shares of the utilities provider’s stock worth $64,218,000 after purchasing an additional 329,469 shares during the period. Dearborn Partners LLC grew its holdings in shares of American Water Works by 7,062.8% during the 3rd quarter. Dearborn Partners LLC now owns 318,316 shares of the utilities provider’s stock worth $39,417,000 after purchasing an additional 313,872 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of American Water Works by 1,173.5% during the 3rd quarter. Clearbridge Investments LLC now owns 336,650 shares of the utilities provider’s stock worth $41,687,000 after purchasing an additional 310,214 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Up 0.5 %

AWK traded up $0.60 during mid-day trading on Tuesday, hitting $119.86. 1,255,464 shares of the stock were exchanged, compared to its average volume of 1,460,838. The firm’s fifty day moving average is $119.20 and its two-hundred day moving average is $124.22. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year 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. The company has a market cap of $23.35 billion, a PE ratio of 24.51, a PEG ratio of 2.83 and a beta of 0.63.

American Water Works (NYSE:AWK) last posted 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 analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. American Water Works’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the 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 sale, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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