Van Lanschot Kempen Investment Management N.V. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 28.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,030 shares of the utilities provider's stock after selling 44,724 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.06% of American Water Works worth $14,196,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of American Water Works by 1.0% in the third quarter. Barclays PLC now owns 376,348 shares of the utilities provider's stock worth $55,037,000 after buying an additional 3,560 shares in the last quarter. M&T Bank Corp raised its holdings in American Water Works by 2.2% in the 3rd quarter. M&T Bank Corp now owns 63,136 shares of the utilities provider's stock worth $9,233,000 after acquiring an additional 1,331 shares during the last quarter. World Investment Advisors LLC bought a new position in American Water Works in the 3rd quarter valued at approximately $716,000. Wilmington Savings Fund Society FSB boosted its stake in American Water Works by 4.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 54,677 shares of the utilities provider's stock valued at $7,996,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Synovus Financial Corp bought a new stake in shares of American Water Works in the 3rd quarter worth $221,000. Hedge funds and other institutional investors own 86.58% of the company's stock.
American Water Works Trading Down 1.4 %
Shares of AWK traded down $2.06 during trading hours on Friday, reaching $143.98. 1,342,056 shares of the company traded hands, compared to its average volume of 1,224,618. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a market cap of $28.08 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.80 and a beta of 0.68. The stock's fifty day moving average price is $141.94 and its 200 day moving average price is $134.51. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.
American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on AWK shares. Wells Fargo & Company increased their price objective on 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. UBS Group reaffirmed a "neutral" rating and set a $160.00 target price on shares of American Water Works in a report on Thursday. StockNews.com raised American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. JPMorgan Chase & Co. lowered their price objective on 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. Finally, Barclays initiated coverage on shares of American Water Works in a research report on Tuesday. They issued an "underweight" rating and a $138.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, American Water Works currently has an average rating of "Hold" and a consensus target price of $142.00.
Read Our Latest Analysis on AWK
American Water Works Company Profile
(
Free Report)
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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