2,763 Shares in American Water Works Company, Inc. (NYSE:AWK) Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,763 shares of the utilities provider’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American Water Works by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 582,633 shares of the utilities provider’s stock valued at $76,902,000 after acquiring an additional 31,949 shares during the last quarter. Invesco LLC boosted its stake in American Water Works by 22.6% during the fourth quarter. Invesco LLC now owns 2,453 shares of the utilities provider’s stock valued at $324,000 after buying an additional 452 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in American Water Works by 4.2% during the fourth quarter. Waldron Private Wealth LLC now owns 3,096 shares of the utilities provider’s stock valued at $408,000 after buying an additional 124 shares during the last quarter. Granite Bay Wealth Management LLC grew its holdings in American Water Works by 0.9% during the 4th quarter. Granite Bay Wealth Management LLC now owns 12,209 shares of the utilities provider’s stock valued at $1,542,000 after buying an additional 114 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in American Water Works in the 4th quarter worth approximately $1,557,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 1.4 %

NYSE:AWK opened at $115.40 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a 50-day simple moving average of $119.45 and a 200-day simple moving average of $124.18. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $152.99. The firm has a market cap of $22.48 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.72 and a beta of 0.63.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on AWK shares. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $160.00 to $135.00 in a research report on Friday, February 16th.

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.