Graham Capital Management L.P. bought a new stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm bought 11,003 shares of the utilities provider’s stock, valued at approximately $1,363,000.
Several other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of American Water Works during the fourth quarter worth approximately $281,724,000. Moneta Group Investment Advisors LLC lifted its holdings in American Water Works by 64,405.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,838,394 shares of the utilities provider’s stock valued at $280,208,000 after buying an additional 1,835,544 shares during the period. Osaic Holdings Inc. lifted its holdings in American Water Works by 1,278.3% in the second quarter. Osaic Holdings Inc. now owns 1,420,936 shares of the utilities provider’s stock valued at $14,251,000 after buying an additional 1,317,840 shares during the period. Royal Bank of Canada lifted its holdings in American Water Works by 11.5% in the second quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock valued at $730,062,000 after buying an additional 528,070 shares during the period. Finally, Magellan Asset Management Ltd lifted its holdings in American Water Works by 73.8% in the second quarter. Magellan Asset Management Ltd now owns 1,158,563 shares of the utilities provider’s stock valued at $165,385,000 after buying an additional 491,994 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Trading Up 1.1 %
NYSE:AWK opened at $120.54 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a 50-day moving average of $123.78 and a 200-day moving average of $127.18. The company has a market cap of $23.48 billion, a PE ratio of 24.65, a PEG ratio of 2.97 and a beta of 0.63. American Water Works Company, Inc. has a one year low of $114.25 and a one year high of $153.43.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.22 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $160.00 to $135.00 in a research note on Friday, February 16th.
View Our Latest Research Report on AWK
Insider Buying and Selling
In related 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 transaction of $100,814.37. Following the transaction, the executive vice president now directly owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
About American Water Works
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.
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