Daiwa Securities Group Inc. Cuts Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Daiwa Securities Group Inc. trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,291 shares of the utilities provider's stock after selling 6,534 shares during the period. Daiwa Securities Group Inc.'s holdings in American Water Works were worth $5,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AWK. Amundi lifted its holdings in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after purchasing an additional 477,411 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of American Water Works by 2.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,112 shares of the utilities provider's stock valued at $512,000 after buying an additional 109 shares during the last quarter. Blankinship & Foster LLC purchased a new position in shares of American Water Works in the fourth quarter worth $257,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of American Water Works in the fourth quarter worth $734,000. Finally, Banco Santander S.A. boosted its position in shares of American Water Works by 13.0% during the fourth quarter. Banco Santander S.A. now owns 1,670 shares of the utilities provider's stock worth $208,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research reports. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their price target for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a report on Tuesday. Wells Fargo & Company increased their price target on American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and an average target price of $140.57.

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American Water Works Trading Down 1.8 %

Shares of NYSE AWK opened at $140.84 on Thursday. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The business's 50 day moving average is $128.45 and its two-hundred day moving average is $134.46. The stock has a market capitalization of $27.46 billion, a P/E ratio of 26.13, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.11 billion. As a group, research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.

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