Robecosam AG increased its stake in American Water Works Company Inc (NYSE:AWK) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,536 shares of the utilities provider’s stock after purchasing an additional 14,515 shares during the quarter. Robecosam AG owned approximately 0.07% of American Water Works worth $10,952,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Resources Investment Advisors Inc. acquired a new stake in American Water Works during the 4th quarter worth about $152,000. Truewealth LLC acquired a new stake in American Water Works during the 4th quarter worth about $189,000. Edgewood Management LLC acquired a new stake in American Water Works during the 3rd quarter worth about $202,000. Kalos Management Inc. acquired a new stake in American Water Works during the 3rd quarter worth about $209,000. Finally, Lakeview Capital Partners LLC acquired a new stake in American Water Works during the 4th quarter worth about $214,000. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on AWK. Bank of America lowered American Water Works from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $85.70 to $91.00 in a research report on Thursday, January 11th. Zacks Investment Research lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Guggenheim restated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research report on Friday, February 23rd. Robert W. Baird restated a “neutral” rating and set a $88.00 price objective (down from $91.00) on shares of American Water Works in a research report on Thursday, February 22nd. Finally, Wells Fargo & Co upgraded American Water Works from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $80.63 to $88.00 in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $88.89.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $843.36 million. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. sell-side analysts anticipate that American Water Works Company Inc will post 3.26 earnings per share for the current year.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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