Signaturefd LLC Has $620,000 Holdings in American Water Works Company, Inc. (NYSE:AWK)

Signaturefd LLC increased its position in American Water Works Company, Inc. (NYSE:AWK) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,978 shares of the utilities provider’s stock after acquiring an additional 329 shares during the quarter. Signaturefd LLC’s holdings in American Water Works were worth $620,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the period. Groupama Asset Managment grew its holdings in American Water Works by 4,227.0% in the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after buying an additional 695,474 shares during the last quarter. Raymond James Financial Inc. bought a new position in American Water Works in the 4th quarter worth approximately $71,120,000. Amundi lifted its holdings in shares of American Water Works by 11.9% during the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock worth $553,687,000 after buying an additional 477,411 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in shares of 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 valued at $66,868,000 after acquiring an additional 391,166 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 1.8 %

Shares of AWK stock opened at $142.18 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The firm has a fifty day moving average of $130.55 and a 200-day moving average of $134.54. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The stock has a market cap of $27.72 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AWK. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of 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. Finally, Wells Fargo & Company increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.