Lee Danner & Bass Inc. Takes $81,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Lee Danner & Bass Inc. purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 649 shares of the utilities provider’s stock, valued at approximately $81,000.

Other hedge funds have also recently bought and sold shares of the company. IHT Wealth Management LLC increased its stake in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after buying an additional 76 shares during the period. Brookfield Corp ON increased its stake in American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after buying an additional 89 shares during the period. Bleakley Financial Group LLC increased its stake in American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after buying an additional 89 shares during the period. Rosenberg Matthew Hamilton increased its stake in American Water Works by 29.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after buying an additional 90 shares during the period. Finally, Glenview Trust co increased its stake in American Water Works by 1.9% in the 4th quarter. Glenview Trust co now owns 4,986 shares of the utilities provider’s stock valued at $621,000 after buying an additional 93 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

AWK stock opened at $140.90 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average of $131.33 and a two-hundred day moving average of $134.51. The company has a market capitalization of $27.47 billion, a price-to-earnings 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.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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 anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AWK has been the topic of several research reports. Wells Fargo & Company upped 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. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Company 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.