Parallel Advisors LLC Buys 98 Shares of American Water Works Company, Inc. (NYSE:AWK)

Parallel Advisors LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,241 shares of the utilities provider’s stock after acquiring an additional 98 shares during the period. Parallel Advisors LLC’s holdings in American Water Works were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AWK. Victory Capital Management Inc. lifted its holdings in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after acquiring an additional 1,736,258 shares during the last quarter. Groupama Asset Managment lifted its stake in American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 695,474 shares during the last quarter. Raymond James Financial Inc. bought a new stake in American Water Works in the fourth quarter worth $71,120,000. Amundi lifted its stake in American Water Works by 11.9% in the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after purchasing an additional 477,411 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after purchasing an additional 391,166 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $141.68 on Friday. The company has a market cap of $27.62 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The company has a 50-day moving average price of $130.94 and a 200-day moving average price of $134.59. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $141.86.

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.