Flinton Capital Management LLC decreased its holdings in American Water (NYSE:AWK) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,060 shares of the utilities provider’s stock after selling 714 shares during the quarter. Flinton Capital Management LLC’s holdings in American Water were worth $1,835,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resources Investment Advisors Inc. purchased a new stake in American Water during the 4th quarter worth approximately $152,000. Truewealth LLC purchased a new stake in American Water during the 4th quarter worth approximately $189,000. Edgewood Management LLC purchased a new stake in American Water during the 3rd quarter worth approximately $202,000. Kalos Management Inc. purchased a new stake in shares of American Water in the third quarter valued at approximately $209,000. Finally, Lakeview Capital Partners LLC purchased a new stake in shares of American Water in the fourth quarter valued at approximately $214,000. 84.75% of the stock is owned by institutional investors.
Shares of NYSE AWK traded down $0.19 during mid-day trading on Friday, hitting $81.92. The company had a trading volume of 1,216,387 shares, compared to its average volume of 861,613. The stock has a market cap of $14,626.98, a P/E ratio of 27.04, a PEG ratio of 3.37 and a beta of 0.16. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21. American Water has a 1-year low of $74.63 and a 1-year high of $92.37.
American Water (NYSE:AWK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. American Water had a return on equity of 10.03% and a net margin of 12.69%. The business had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $843.36 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts forecast that American Water will post 3.26 EPS for the current fiscal year.
A number of research firms have recently issued reports on AWK. Bank of America lowered American Water from a “buy” rating to a “neutral” rating and upped their price target for the company from $85.70 to $91.00 in a research report on Thursday, January 11th. Zacks Investment Research lowered American Water from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. HSBC upgraded American Water from a “hold” rating to a “buy” rating and upped their price target for the company from $74.63 to $80.15 in a research report on Friday, March 23rd. Guggenheim reiterated a “hold” rating and issued a $82.00 price objective on shares of American Water in a research report on Friday, February 23rd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of American Water in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.24.
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American Water Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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