American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,075 shares of the utilities provider’s stock after purchasing an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in American Water Works were worth $756,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in American Water Works by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 126,974 shares of the utilities provider’s stock worth $18,569,000 after acquiring an additional 1,250 shares during the last quarter. FMR LLC increased its holdings in American Water Works by 11.5% in the third quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock valued at $51,716,000 after buying an additional 36,424 shares during the last quarter. Fiduciary Trust Co acquired a new stake in American Water Works in the third quarter valued at $216,000. Public Sector Pension Investment Board lifted its holdings in American Water Works by 3.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 34,029 shares of the utilities provider’s stock worth $4,976,000 after buying an additional 1,000 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of American Water Works during the 3rd quarter worth about $9,750,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Water Works Stock Up 2.3 %

AWK stock opened at $146.28 on Monday. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The company has a fifty day moving average price of $133.12 and a 200 day moving average price of $134.30. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07.

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. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

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.