New Age Alpha Advisors LLC Invests $4.70 Million in American Water Works Company, Inc. (NYSE:AWK)

New Age Alpha Advisors LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 37,718 shares of the utilities provider’s stock, valued at approximately $4,696,000.

A number of other institutional investors have also bought and sold shares of AWK. Vanguard Group Inc. grew its position in shares of American Water Works by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider’s stock valued at $3,125,598,000 after purchasing an additional 217,582 shares in the last quarter. State Street Corp grew its holdings in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after buying an additional 214,082 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after acquiring an additional 43,754 shares during the last quarter. Amundi raised its holdings in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after acquiring an additional 477,411 shares during the period. Finally, Victory Capital Management Inc. boosted its position 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 valued at $395,180,000 after acquiring an additional 1,736,258 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE:AWK opened at $146.28 on Friday. The stock has a market capitalization of $28.52 billion, a P/E ratio of 27.14, a PEG ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The company has a 50 day moving average price of $133.12 and a 200 day moving average price of $134.49.

American Water Works (NYSE:AWK) last posted its quarterly earnings data 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 return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analyst Weigh In

AWK has been the subject of several recent analyst reports. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $141.86.

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.