Paradigm Financial Partners LLC Has $3.28 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Paradigm Financial Partners LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,827 shares of the utilities provider’s stock after buying an additional 2,675 shares during the period. Paradigm Financial Partners LLC’s holdings in American Water Works were worth $3,277,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Impax Asset Management Group plc raised its stake in shares of American Water Works by 2.3% in the third quarter. Impax Asset Management Group plc now owns 5,624,759 shares of the utilities provider’s stock valued at $695,850,000 after buying an additional 129,005 shares during the period. Northern Trust Corp boosted its stake in American Water Works by 3.6% during the third quarter. Northern Trust Corp now owns 3,591,939 shares of the utilities provider’s stock valued at $444,790,000 after buying an additional 124,815 shares during the period. Legal & General Group Plc raised its stake in American Water Works by 1.1% in the third quarter. Legal & General Group Plc now owns 2,974,530 shares of the utilities provider’s stock valued at $368,336,000 after purchasing an additional 32,975 shares in the last quarter. Invesco Ltd. grew its position in American Water Works by 10.5% in the third quarter. Invesco Ltd. now owns 2,831,622 shares of the utilities provider’s stock worth $350,640,000 after acquiring an additional 267,987 shares in the last quarter. Finally, Morgan Stanley increased its stake in American Water Works by 4.7% in the third quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock valued at $325,038,000 after acquiring an additional 118,221 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $160.00 to $135.00 in a report on Friday, February 16th.

American Water Works Stock Performance

Shares of AWK stock traded down $0.77 during mid-day trading on Friday, reaching $120.78. The stock had a trading volume of 1,058,519 shares, compared to its average volume of 1,399,517. The business’s fifty day moving average is $119.13 and its 200-day moving average is $124.20. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.88 and a beta of 0.63. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $151.24. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, research analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

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.