Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Skandinaviska Enskilda Banken AB publ raised its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 140.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,376 shares of the utilities provider's stock after acquiring an additional 53,439 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in American Water Works were worth $11,353,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp raised its holdings in American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider's stock valued at $1,682,280,000 after acquiring an additional 214,082 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Water Works by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider's stock worth $665,163,000 after buying an additional 43,754 shares during the last quarter. Amundi increased its holdings in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock worth $553,687,000 after buying an additional 477,411 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after buying an additional 1,736,258 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider's stock worth $300,739,000 after buying an additional 125,128 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

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American Water Works Stock Down 1.8 %

AWK stock traded down $2.57 during midday trading on Wednesday, hitting $142.18. The company's stock had a trading volume of 1,548,381 shares, compared to its average volume of 1,137,345. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The firm has a market capitalization of $27.72 billion, a P/E ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69. The firm has a 50-day simple moving average of $130.16 and a 200-day simple moving average of $134.49.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.11 billion. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and raised their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.86.

About American Water Works

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.