Angeles Investment Advisors LLC Increases Position in American Water Works Company, Inc. (NYSE:AWK)

Angeles Investment Advisors LLC increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,847 shares of the utilities provider’s stock after buying an additional 207 shares during the period. Angeles Investment Advisors LLC’s holdings in American Water Works were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE increased its stake in American Water Works by 12.5% in the 4th quarter. Congress Wealth Management LLC DE now owns 7,064 shares of the utilities provider’s stock valued at $879,000 after purchasing an additional 786 shares in the last quarter. Vanguard Group Inc. increased its position in shares of American Water Works by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider’s stock valued at $3,125,598,000 after buying an additional 217,582 shares in the last quarter. LPL Financial LLC boosted its position in shares of American Water Works by 1.1% in the 4th quarter. LPL Financial LLC now owns 254,976 shares of the utilities provider’s stock worth $31,742,000 after buying an additional 2,895 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in American Water Works during the 4th quarter valued at about $13,617,000. Finally, Sei Investments Co. raised its position in American Water Works by 5.6% during the fourth quarter. Sei Investments Co. now owns 545,764 shares of the utilities provider’s stock worth $67,942,000 after acquiring an additional 29,041 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AWK. JPMorgan Chase & Co. reduced their target price on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Finally, StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three 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’s stock. According to MarketBeat, American Water Works presently has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Trading Down 0.6 %

NYSE AWK opened at $140.90 on Monday. The company has a market cap of $27.47 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The company has a 50-day moving average of $131.33 and a 200-day moving average of $134.44.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts predict 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.