Bokf Na Trims Position in American Water Works Company Inc (AWK)

Bokf Na cut its stake in American Water Works Company Inc (NYSE:AWK) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,839 shares of the utilities provider’s stock after selling 1,153 shares during the period. Bokf Na’s holdings in American Water Works were worth $1,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWK. Federated Investors Inc. PA lifted its position in American Water Works by 9,419.3% in the third quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock valued at $81,221,000 after acquiring an additional 913,581 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after buying an additional 436,131 shares during the last quarter. BlackRock Inc. raised its holdings in shares of American Water Works by 3.1% in the third quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock valued at $1,233,619,000 after buying an additional 417,354 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of American Water Works by 40.2% in the fourth quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock valued at $84,650,000 after buying an additional 267,380 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of American Water Works by 47.0% in the third quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock valued at $62,969,000 after buying an additional 228,700 shares during the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on AWK. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $102.00 target price on shares of American Water Works in a report on Thursday, February 21st. Wells Fargo & Co upped their target price on shares of American Water Works from $101.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Robert W. Baird raised shares of American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price for the company in a report on Thursday, December 6th. Finally, Bank of America upped their target price on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $99.35.

NYSE AWK opened at $105.81 on Friday. The stock has a market cap of $18.98 billion, a P/E ratio of 32.06, a PEG ratio of 3.65 and a beta of 0.25. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $106.35. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.37 and a quick ratio of 0.35.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $823.93 million. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts predict that American Water Works Company Inc will post 3.58 EPS for the current fiscal year.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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