Quantitative Investment Management LLC decreased its stake in American Water Works Company Inc (NYSE:AWK) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,100 shares of the utilities provider’s stock after selling 13,400 shares during the period. Quantitative Investment Management LLC’s holdings in American Water Works were worth $5,041,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Resources Investment Advisors Inc. bought a new position in shares of American Water Works in the 4th quarter valued at about $152,000. Truewealth LLC bought a new position in shares of American Water Works in the 4th quarter valued at about $189,000. Edgewood Management LLC bought a new position in shares of American Water Works in the 3rd quarter valued at about $202,000. Kalos Management Inc. bought a new position in shares of American Water Works in the 3rd quarter valued at about $209,000. Finally, Lakeview Capital Partners LLC bought a new position in shares of American Water Works in the 4th quarter valued at about $214,000. Institutional investors own 84.84% of the company’s stock.
Several brokerages have recently weighed in on AWK. Robert W. Baird restated a “neutral” rating and issued a $88.00 price objective (down previously from $91.00) on shares of American Water Works in a report on Thursday, February 22nd. UBS Group began coverage on American Water Works in a report on Thursday, March 8th. They issued a “buy” rating and a $89.00 price objective for the company. They noted that the move was a valuation call. Guggenheim cut American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Bank of America set a $84.00 price objective on American Water Works and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $88.89.
American Water Works (NYSE:AWK) last issued its 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. American Water Works had a net margin of 12.69% and a return on equity of 10.03%. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $843.36 million. During the same period last year, the business posted $0.57 EPS. American Water Works’s revenue was up 2.4% on a year-over-year basis. equities analysts predict that American Water Works Company Inc will post 3.26 earnings per share for the current fiscal year.
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American Water Works 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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