Duality Advisers LP Buys New Shares in American Water Works Company, Inc. (NYSE:AWK)

Duality Advisers LP acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,430 shares of the utilities provider’s stock, valued at approximately $2,037,000.

Several other large investors have also made changes to their positions in the business. Brookstone Capital Management lifted its position in shares of American Water Works by 4.8% in the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 83 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of American Water Works by 1.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 6,152 shares of the utilities provider’s stock worth $762,000 after buying an additional 91 shares in the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of American Water Works by 0.5% in the third quarter. Consolidated Portfolio Review Corp now owns 20,919 shares of the utilities provider’s stock worth $2,590,000 after buying an additional 94 shares in the last quarter. Presima Securities ULC lifted its position in shares of American Water Works by 1.9% in the third quarter. Presima Securities ULC now owns 5,370 shares of the utilities provider’s stock worth $665,000 after buying an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Up 0.6 %

AWK opened at $119.26 on Tuesday. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.83 and a beta of 0.63. The stock’s 50 day moving average price is $119.20 and its 200-day moving average price is $124.21. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65.

American Water Works (NYSE:AWK) last released its earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company 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.