Pacer Advisors Inc. Increases Position in American Water Works Company, Inc. (NYSE:AWK)

Pacer Advisors Inc. increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 195.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,089 shares of the utilities provider's stock after purchasing an additional 23,876 shares during the period. Pacer Advisors Inc.'s holdings in American Water Works were worth $4,763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC bought a new position in American Water Works during the fourth quarter worth about $28,000. ST Germain D J Co. Inc. bought a new stake in shares of American Water Works during the second quarter worth approximately $29,000. Tyler Stone Wealth Management bought a new stake in shares of American Water Works during the second quarter worth approximately $29,000. Pacifica Partners Inc. bought a new stake in shares of American Water Works during the third quarter worth approximately $30,000. Finally, Quarry LP bought a new stake in shares of American Water Works during the second quarter worth approximately $31,000. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 0.6 %

Shares of American Water Works stock traded up $0.71 during trading on Friday, hitting $122.21. The company's stock had a trading volume of 2,004,209 shares, compared to its average volume of 1,669,205. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. American Water Works Company, Inc. has a 52 week low of $114.25 and a 52 week high of $153.43. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.63. The stock has a 50-day moving average price of $120.98 and a two-hundred day moving average price of $125.75.

American Water Works (NYSE:AWK - Get Free Report) last issued 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. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.23 EPS for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AWK shares. Evercore ISI cut American Water Works from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research report on Tuesday.

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.