Could American Water Works Company Inc See a Reversal After Today’s Strong Options Activity?

 Could American Water Works Company Inc See a Reversal After Today's Strong Options Activity?

In today’s session American Water Works Company Inc (AWK) recorded an unusually high (386) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious AWK decrease. With 386 contracts traded and 5424 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: AWK170317P00070000 closed last at: $1.65 or 32.7% down. The stock decreased 2.21% or $1.64 on November 23, hitting $72.49. About 902,523 shares traded hands. American Water Works Company Inc (NYSE:AWK) has risen 4.69% since April 22, 2016 and is uptrending. It has underperformed by 0.72% the S&P500.

Analysts await American Water Works Company Inc (NYSE:AWK) to report earnings on February, 23. They expect $0.56 EPS, up 1.82% or $0.01 from last year’s $0.55 per share. AWK’s profit will be $99.73M for 32.36 P/E if the $0.56 EPS becomes a reality. After $1.05 actual EPS reported by American Water Works Company Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

American Water Works Company Inc (NYSE:AWK) Ratings Coverage

Out of 8 analysts covering American Water Works (NYSE:AWK), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. American Water Works has been the topic of 13 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, October 14 by Robert W. Baird. As per Wednesday, November 9, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Friday, June 24 by Argus Research. The firm has “Neutral” rating by Boenning & Scattergood given on Monday, June 6. The rating was maintained by Barclays Capital on Tuesday, September 6 with “Overweight”. The firm has “Neutral” rating by Ladenburg Thalmann given on Thursday, October 15. The company was downgraded on Friday, February 26 by Janney Capital. On Friday, May 6 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, March 2. The stock of American Water Works Company Inc (NYSE:AWK) earned “Neutral” rating by Bank of America on Wednesday, July 6.

According to Zacks Investment Research, “AMER WATER is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly seven thousand dedicated professionals who provide drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.06, from 1 in 2016Q1. The ratio fall, as 35 funds sold all American Water Works Company Inc shares owned while 196 reduced positions. 46 funds bought stakes while 186 increased positions. They now own 143.32 million shares or 6.07% less from 152.58 million shares in 2016Q1.
Private Advisor Gp Lc, a New Jersey-based fund reported 22,224 shares. Blackrock Japan Ltd owns 441,801 shares or 0.13% of their US portfolio. Winfield owns 69 shares or 0% of their US portfolio. Cornerstone Advsr holds 36 shares or 0% of its portfolio. M&R Mgmt accumulated 0.46% or 35,404 shares. Blackrock Group Inc Ltd has 2.71M shares for 0.12% of their US portfolio. Godshalk Welsh Capital Mgmt Inc has invested 0.48% of its portfolio in American Water Works Company Inc (NYSE:AWK). Barclays Public Limited Co has 0.02% invested in the company for 222,819 shares. Clean Yield Gp accumulated 29,906 shares or 1.08% of the stock. Friedberg Investment has invested 1.83% of its portfolio in American Water Works Company Inc (NYSE:AWK). Moreover, Morgan Stanley has 0.04% invested in American Water Works Company Inc (NYSE:AWK) for 1.39M shares. Moreover, Huntington Financial Bank has 0% invested in American Water Works Company Inc (NYSE:AWK) for 2,049 shares. Tortoise Advsrs Ltd has 0% invested in the company for 103 shares. Strategic Wealth Advsr Gp Ltd Liability Corp has invested 0.18% of its portfolio in American Water Works Company Inc (NYSE:AWK). Manufacturers Life Insurance Comm The last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 3 selling transactions for $2.43 million net activity. Strauss Mark F. had sold 15,467 shares worth $1.18M on Wednesday, August 17. Shares for $497,865 were sold by Lynch Walter on Friday, August 19.

American Water Works Company, Inc. is a holding company. The company has a market cap of $12.91 billion. The Firm is a water and wastewater utility company. It has a 27.72 P/E ratio. The Firm operates through two divisions: the Regulated Businesses and the Market-Based Businesses.

AWK Company Profile

American Water Works Company, Inc., incorporated on August 28, 1936, is a holding company. The Firm is a water and wastewater utility company. The Firm provides drinking water, wastewater and other water related services to approximately 15 million people in over 50 states, the District of Columbia and Ontario, Canada. The Firm operates through two divisions: the Regulated Businesses and the Market-Based Businesses. The Company’s American Water Works Service Company subsidiary provides shared services and corporate governance for its operating subsidiaries, such as accounting and finance, administration, business development, communications, corporate administrative, education and training, engineering, financial, health and safety, human resources, information systems, internal audit, investor relations, legal, operations, procurement, rates support, security, risk management, water quality, and research and development.

More important recent American Water Works Company Inc (NYSE:AWK) news were published by: Seekingalpha.com which released: “American Water Works Dividend Stock Analysis 2016” on November 21, 2016, also Fool.com published article titled: “Will American Water Works Company, Inc. Sink or Swim?”, Fool.com published: “3 Reasons American Water Works Company, Inc.’s Stock Could Soar” on April 01, 2016. More interesting news about American Water Works Company Inc (NYSE:AWK) was released by: Etfdailynews.com and their article: “American Water Works Company Inc, Aqua America Inc, American States Water Co …” with publication date: May 03, 2016.

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