Alliance Wealth Advisors LLC UT Grows Position in American Water Works Company, Inc. (NYSE:AWK)

Alliance Wealth Advisors LLC UT grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 16,499 shares of the utilities provider’s stock after buying an additional 546 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in American Water Works were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission.

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

American Water Works Trading Down 0.6 %

Shares of AWK traded down $0.77 during midday trading on Friday, reaching $120.78. The company had a trading volume of 1,058,519 shares, compared to its average volume of 1,399,517. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.24. The stock has a market cap 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 firm has a 50 day simple moving average of $119.13 and a 200-day simple moving average of $124.18. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last issued its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.