Atria Investments Inc Acquires 414 Shares of American Water Works Company, Inc. (NYSE:AWK)

Atria Investments Inc increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,599 shares of the utilities provider’s stock after acquiring an additional 414 shares during the period. Atria Investments Inc’s holdings in American Water Works were worth $3,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AWK. Farther Finance Advisors LLC lifted its stake in shares of American Water Works by 41.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 446 shares during the last quarter. QRG Capital Management Inc. raised its position in American Water Works by 9.8% during the 3rd quarter. QRG Capital Management Inc. now owns 6,768 shares of the utilities provider’s stock valued at $990,000 after purchasing an additional 603 shares in the last quarter. Graypoint LLC raised its position in American Water Works by 19.5% during the 3rd quarter. Graypoint LLC now owns 2,847 shares of the utilities provider’s stock valued at $416,000 after purchasing an additional 464 shares in the last quarter. Principal Financial Group Inc. raised its position in American Water Works by 129.6% during the 3rd quarter. Principal Financial Group Inc. now owns 502,391 shares of the utilities provider’s stock valued at $73,470,000 after purchasing an additional 283,579 shares in the last quarter. Finally, Townsend & Associates Inc raised its position in American Water Works by 3.2% during the 3rd quarter. Townsend & Associates Inc now owns 14,860 shares of the utilities provider’s stock valued at $2,112,000 after purchasing an additional 459 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 5.4 %

Shares of NYSE:AWK opened at $145.61 on Friday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The business’s fifty day simple moving average is $127.25 and its 200-day simple moving average is $134.38. The company has a market capitalization of $28.39 billion, a PE ratio of 27.02, a P/E/G ratio of 2.80 and a beta of 0.69. 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 (NYSE:AWK) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping 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. As a group, equities research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWK. JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.57.

American Water Works Company 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.