Zeke Capital Advisors LLC Invests $225,000 in American Water Works Company Inc (AWK)

Zeke Capital Advisors LLC acquired a new stake in shares of American Water Works Company Inc (NYSE:AWK) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,455 shares of the utilities provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resources Investment Advisors Inc. acquired a new stake in American Water Works in the 4th quarter valued at approximately $152,000. Truewealth LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $189,000. Edgewood Management LLC bought a new stake in shares of American Water Works in the 3rd quarter worth approximately $202,000. Kalos Management Inc. bought a new stake in shares of American Water Works in the 3rd quarter worth approximately $209,000. Finally, Lakeview Capital Partners LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $214,000. 84.73% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have commented on the company. Robert W. Baird reiterated a “neutral” rating and issued a $88.00 price objective (down previously from $91.00) on shares of American Water Works in a research report on Thursday, February 22nd. UBS assumed coverage on American Water Works in a research report on Thursday, March 8th. They issued a “buy” rating and a $89.00 price objective for the company. They noted that the move was a valuation call. Guggenheim downgraded American Water Works from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Bank of America set a $84.00 price objective on American Water Works and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.13.

American Water Works stock traded up $0.30 during mid-day trading on Thursday, reaching $81.15. The company had a trading volume of 30,994 shares, compared to its average volume of 1,185,520. American Water Works Company Inc has a 12-month low of $74.63 and a 12-month high of $92.37. The firm has a market cap of $14,537.70, a PE ratio of 26.96, a price-to-earnings-growth ratio of 3.35 and a beta of 0.19. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.31 and a quick ratio of 0.29.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The firm had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $843.36 million. During the same period last year, the firm posted $0.57 EPS. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts forecast that American Water Works Company Inc will post 3.26 earnings per share for the current year.

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About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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