New Age Alpha Advisors LLC Invests $4.70 Million in American Water Works Company, Inc. (NYSE:AWK)

New Age Alpha Advisors LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,718 shares of the utilities provider’s stock, valued at approximately $4,696,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of American Water Works in the fourth quarter valued at about $26,000. Providence First Trust Co acquired a new position in American Water Works in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 2.3 %

Shares of NYSE:AWK opened at $146.28 on Friday. The business’s 50 day moving average price is $133.12 and its 200-day moving average price is $134.49. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The firm has a market capitalization 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 debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35.

American Water Works (NYSE:AWK) last released its quarterly 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 net margin of 22.44% and a return on equity of 10.29%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. 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 Analysts Forecast Growth

Several research analysts recently issued reports on AWK shares. JPMorgan Chase & Co. reduced 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. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company upped their target price on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.