HighPoint Advisor Group LLC Cuts Stake in American Water Works Company, Inc. (NYSE:AWK)

HighPoint Advisor Group LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,985 shares of the utilities provider’s stock after selling 99 shares during the quarter. HighPoint Advisor Group LLC’s holdings in American Water Works were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in American Water Works by 11.5% in the 3rd quarter. FMR LLC now owns 353,641 shares of the utilities provider’s stock worth $51,716,000 after buying an additional 36,424 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of American Water Works in the third quarter worth $1,244,000. Investment Management Corp of Ontario increased its position in American Water Works by 51.6% during the third quarter. Investment Management Corp of Ontario now owns 6,466 shares of the utilities provider’s stock valued at $946,000 after acquiring an additional 2,200 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in American Water Works by 1.2% in the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after acquiring an additional 76 shares during the period. Finally, Resurgent Financial Advisors LLC boosted its position in American Water Works by 21.2% in the third quarter. Resurgent Financial Advisors LLC now owns 3,364 shares of the utilities provider’s stock worth $492,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AWK. JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company raised their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.86.

American Water Works Stock Down 0.5 %

Shares of AWK opened at $146.24 on Thursday. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.07. 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 has a market capitalization of $28.51 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The business’s 50 day moving average is $134.44 and its 200 day moving average is $134.38.

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

American Water Works 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.