Runnymede Capital Advisors Inc. Takes $256,000 Position in American Water Works Company, Inc. (NYSE:AWK)

Runnymede Capital Advisors Inc. bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,054 shares of the utilities provider’s stock, valued at approximately $256,000.

Other hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in American Water Works during the fourth quarter worth approximately $26,000. Providence First Trust Co acquired a new stake in American Water Works during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its position in American Water Works by 54.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in American Water Works during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK stock opened at $140.90 on Friday. The company’s fifty day simple moving average is $131.33 and its 200-day simple moving average is $134.57. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The company has a market cap of $27.47 billion, a PE ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.86.

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.