GAMMA Investing LLC Invests $129,000 in American Water Works Company, Inc. (NYSE:AWK)

GAMMA Investing LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,037 shares of the utilities provider’s stock, valued at approximately $129,000.

A number of other institutional investors have also made changes to their positions in the business. MV Capital Management Inc. raised its stake 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 acquiring an additional 103 shares during the last quarter. ORG Partners LLC raised its position in American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in American Water Works during the 3rd quarter worth $33,000. Turtle Creek Wealth Advisors LLC acquired a new position in American Water Works during the 4th quarter worth $35,000. Finally, Key Financial Inc boosted its position in American Water Works by 266.7% in 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 during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

AWK opened at $120.78 on Friday. The company has a fifty day simple moving average of $119.13 and a 200 day simple moving average of $124.20. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock has a market cap of $23.53 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.90 and a beta of 0.63. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.24.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $0.81 EPS. American Water Works’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, research analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, EVP Melanie M. Kennedy sold 843 shares of the 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 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 this link. 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.