Sycomore Asset Management Purchases 1,371 Shares of American Water Works Company, Inc. (NYSE:AWK)

Sycomore Asset Management grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,129 shares of the utilities provider’s stock after buying an additional 1,371 shares during the quarter. Sycomore Asset Management’s holdings in American Water Works were worth $1,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AWK. Assenagon Asset Management S.A. lifted its position in shares of American Water Works by 7,752.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after buying an additional 477,235 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of American Water Works by 12,606.5% during the 4th quarter. International Assets Investment Management LLC now owns 463,913 shares of the utilities provider’s stock worth $612,320,000 after buying an additional 460,262 shares in the last quarter. Raymond James & Associates lifted its position in shares of American Water Works by 174.2% during the 3rd quarter. Raymond James & Associates now owns 518,596 shares of the utilities provider’s stock worth $64,218,000 after buying an additional 329,469 shares in the last quarter. Dearborn Partners LLC lifted its position in shares of American Water Works by 7,062.8% during the 3rd quarter. Dearborn Partners LLC now owns 318,316 shares of the utilities provider’s stock worth $39,417,000 after buying an additional 313,872 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of American Water Works by 1,173.5% during the 3rd quarter. Clearbridge Investments LLC now owns 336,650 shares of the utilities provider’s stock worth $41,687,000 after buying an additional 310,214 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research reports. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $160.00 to $135.00 in a report on Friday, February 16th.

American Water Works Stock Performance

AWK stock traded up $1.49 during midday trading on Wednesday, reaching $121.36. 1,271,510 shares of the company’s stock traded hands, compared to its average volume of 1,458,714. The company has a 50-day moving average price of $119.22 and a two-hundred day moving average price of $124.20. 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 Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.99. The firm has a market capitalization of $23.64 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63.

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

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.