Alliance Wealth Advisors LLC UT Purchases 546 Shares of American Water Works Company, Inc. (NYSE:AWK)

Alliance Wealth Advisors LLC UT boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,499 shares of the utilities provider’s stock after acquiring an additional 546 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in American Water Works were worth $2,178,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

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

American Water Works Stock Performance

AWK traded down $0.77 during midday trading on Friday, hitting $120.78. 1,058,519 shares of the company traded hands, compared to its average volume of 1,399,517. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $23.53 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. The company’s 50-day moving average is $119.13 and its 200 day moving average is $124.18. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $151.24.

American Water Works (NYSE:AWK) last issued 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. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Analyst Ratings Changes

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

American Water Works Company 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.