Parallel Advisors LLC Purchases 98 Shares of American Water Works Company, Inc. (NYSE:AWK)

Parallel Advisors LLC grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,241 shares of the utilities provider’s stock after buying an additional 98 shares during the quarter. Parallel Advisors LLC’s holdings in American Water Works were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AWK. Crews Bank & Trust bought a new stake in shares of American Water Works in the 4th quarter worth approximately $26,000. Providence First Trust Co bought a new stake in shares of American Water Works in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of American Water Works by 54.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 103 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $48,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 0.3 %

AWK opened at $141.68 on Friday. The company has a fifty day moving average price of $130.94 and a 200-day moving average price of $134.59. The firm has a market capitalization of $27.62 billion, a P/E ratio of 26.29, 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 Company, Inc. has a one year low of $113.34 and a one year high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts expect 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 equities research analysts recently commented on the stock. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. reduced 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 note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $141.86.

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.