Louisiana State Employees Retirement System Invests $1.56 Million in American Water Works Company, Inc. (NYSE:AWK)

Louisiana State Employees Retirement System purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,800 shares of the utilities provider’s stock, valued at approximately $1,557,000.

Other large investors have also recently made changes to their positions in the company. MV Capital Management Inc. raised its position in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 103 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of American Water Works in the 4th quarter worth $28,000. Tyler Stone Wealth Management acquired a new position in American Water Works during the 2nd quarter valued at about $29,000. ORG Partners LLC increased its position in American Water Works by 79.2% during the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock valued at $31,000 after buying an additional 103 shares in the last quarter. Finally, Quarry LP acquired a new position in American Water Works during the 2nd quarter valued at about $31,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Up 1.0 %

Shares of AWK stock opened at $118.52 on Friday. The stock’s 50-day simple moving average is $119.29 and its 200-day simple moving average is $124.12. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market capitalization of $23.09 billion, a PE ratio of 24.24, a P/E/G ratio of 2.75 and a beta of 0.63. American Water Works Company, Inc. has a fifty-two week low of $113.34 and a fifty-two week high of $152.99.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share 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 analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. Equities analysts expect that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

AWK has been the topic of several recent analyst reports. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI lowered American Water Works from an “outperform” rating to an “in-line” rating and reduced 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 stock in a transaction dated 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 directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.