Paradigm Financial Partners LLC Has $3.28 Million Holdings in American Water Works Company, Inc. (NYSE:AWK)

Paradigm Financial Partners LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 12.1% during the fourth quarter, HoldingsChannel reports. The fund owned 24,827 shares of the utilities provider’s stock after buying an additional 2,675 shares during the quarter. Paradigm Financial Partners LLC’s holdings in American Water Works were worth $3,277,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MV Capital Management Inc. lifted its stake in American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after buying an additional 103 shares during the period. ORG Partners LLC grew its holdings in American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of American Water Works during the 3rd quarter worth about $33,000. Turtle Creek Wealth Advisors LLC bought a new stake in American Water Works in the 4th quarter valued at about $35,000. Finally, Key Financial Inc raised its stake in American Water Works by 266.7% during the 4th quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock worth $36,000 after buying an additional 200 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by company insiders.

American Water Works Stock Performance

Shares of NYSE:AWK traded down $0.77 during midday trading on Friday, reaching $120.78. 1,058,519 shares of the company traded hands, compared to its average volume of 1,399,517. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $151.24. The firm’s fifty day moving average price is $119.13 and its two-hundred day moving average price is $124.20. 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 firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.88 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 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.81 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.