Tredje AP fonden Sells 14,629 Shares of American Water Works Company, Inc. (NYSE:AWK)

Tredje AP fonden cut its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,630 shares of the utilities provider's stock after selling 14,629 shares during the quarter. Tredje AP fonden's holdings in American Water Works were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in 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 acquiring an additional 1,736,258 shares in the last quarter. Groupama Asset Managment grew its holdings in American Water Works by 4,227.0% during the 3rd quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock worth $104,000 after acquiring an additional 695,474 shares in the last quarter. Raymond James Financial Inc. acquired a new position in American Water Works during the 4th quarter worth $71,120,000. Amundi grew its holdings in 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 acquiring an additional 477,411 shares in the last quarter. Finally, Confluence Investment Management LLC grew its holdings in American Water Works by 268.0% during the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock worth $66,868,000 after acquiring an additional 391,166 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

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American Water Works Price Performance

Shares of AWK stock traded down $2.57 during midday trading on Wednesday, reaching $142.18. 1,548,381 shares of the company were exchanged, compared to its average volume of 1,137,345. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company's 50 day moving average price is $130.16 and its two-hundred day moving average price is $134.49. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a market cap of $27.72 billion, a P/E ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last released 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 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. On average, sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com raised 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 objective 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. UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, American Water Works presently has an average rating of "Hold" and an average price target of $141.86.

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.