Tranquility Partners LLC Takes $203,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Tranquility Partners LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,541 shares of the utilities provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of American Water Works by 2.0% during the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after buying an additional 434,737 shares during the last quarter. State Street Corp grew its holdings in shares of American Water Works by 4.1% during the first quarter. State Street Corp now owns 10,857,195 shares of the utilities provider’s stock valued at $1,590,470,000 after buying an additional 423,764 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of American Water Works by 2.3% during 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 last quarter. Royal Bank of Canada grew its holdings in shares of American Water Works by 11.5% during the second quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock valued at $730,062,000 after buying an additional 528,070 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of American Water Works by 8.0% during the first quarter. Geode Capital Management LLC now owns 4,007,338 shares of the utilities provider’s stock valued at $585,708,000 after buying an additional 297,378 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, 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 is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

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

American Water Works Price Performance

NYSE AWK traded up $0.34 on Thursday, reaching $115.74. The company had a trading volume of 156,946 shares, compared to its average volume of 1,443,685. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $22.55 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. The firm’s 50 day moving average price is $119.45 and its 200 day moving average price is $124.18. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.99.

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

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.