Cora Capital Advisors LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Cora Capital Advisors LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,572 shares of the utilities provider’s stock, valued at approximately $208,000.

Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 103 shares in the last quarter. ORG Partners LLC increased its position in shares of American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 103 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of American Water Works in the third quarter valued at about $33,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at about $35,000. Finally, Key Financial Inc increased its position in shares of American Water Works by 266.7% in the fourth quarter. Key Financial Inc now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

NYSE AWK traded down $0.77 during trading on Friday, reaching $120.78. 1,058,519 shares of the company’s stock were exchanged, compared to its average volume of 1,399,517. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $151.24. The business has a 50 day moving average price of $119.13 and a 200-day moving average price of $124.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market capitalization of $23.53 billion, a P/E ratio of 24.70, a PEG ratio of 2.88 and a beta of 0.63.

American Water Works (NYSE:AWK) last posted its 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. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the transaction, the executive vice president now owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

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.