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

Tredje AP fonden lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,630 shares of the utilities provider’s stock after selling 14,629 shares during the period. Tredje AP fonden’s holdings in American Water Works were worth $1,821,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp increased its position in shares of American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after purchasing an additional 214,082 shares during the period. Geode Capital Management LLC increased its position in shares of American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock worth $665,163,000 after purchasing an additional 43,754 shares during the period. Amundi increased its position in shares of American Water Works by 11.9% in the fourth 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 during the period. Victory Capital Management Inc. increased its position in shares of American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of American Water Works by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK stock opened at $144.43 on Friday. The business’s 50-day moving average price is $129.24 and its 200-day moving average price is $134.54. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.80 and a beta of 0.69. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on AWK. StockNews.com raised American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday. 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. Wells Fargo & Company raised their price objective on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Water Works 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.