Blueshift Asset Management LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Blueshift Asset Management LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,006 shares of the utilities provider’s stock, valued at approximately $250,000.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of American Water Works by 9.2% in the third quarter. Empowered Funds LLC now owns 3,700 shares of the utilities provider’s stock valued at $541,000 after buying an additional 313 shares during the last quarter. Quest Partners LLC purchased a new stake in American Water Works during the 3rd quarter valued at approximately $227,000. Pathstone Holdings LLC grew its stake in shares of American Water Works by 11.3% in the 3rd quarter. Pathstone Holdings LLC now owns 48,618 shares of the utilities provider’s stock valued at $7,110,000 after purchasing an additional 4,944 shares during the last quarter. Prospera Financial Services Inc increased its holdings in shares of American Water Works by 2.0% in the third quarter. Prospera Financial Services Inc now owns 4,897 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 98 shares during the period. Finally, Commerce Bank raised its stake in shares of American Water Works by 13.6% during the third quarter. Commerce Bank now owns 24,199 shares of the utilities provider’s stock worth $3,539,000 after purchasing an additional 2,889 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Down 0.6 %

AWK stock opened at $140.90 on Friday. 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 company’s 50-day moving average price is $131.33 and its 200 day moving average price is $134.57. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $152.07. The company has a market cap of $27.47 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. On average, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AWK has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of 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. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on American Water Works from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Water Works currently 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.