IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Stock Position in American Water Works Company, Inc. (NYSE:AWK)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 57.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,080 shares of the utilities provider’s stock after selling 9,756 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in American Water Works were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AWK. Nordea Investment Management AB grew its holdings in shares of American Water Works by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares during the last quarter. Sovran Advisors LLC bought a new stake in American Water Works in the 4th quarter worth $277,000. M&T Bank Corp grew its holdings in American Water Works by 3.3% in the 4th quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock worth $8,123,000 after acquiring an additional 2,113 shares during the last quarter. Czech National Bank increased its position in shares of American Water Works by 6.5% in the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after acquiring an additional 2,562 shares during the period. Finally, PFW Advisors LLC bought a new position in shares of American Water Works during the fourth quarter valued at about $1,783,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on AWK shares. JPMorgan Chase & Co. reduced their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company raised their price target 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $141.86.

American Water Works Price Performance

AWK opened at $143.24 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $152.07. The stock has a market capitalization of $27.92 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.80 and a beta of 0.69. The company’s 50-day simple moving average is $132.73 and its two-hundred day simple moving average is $134.49.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion during 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%. As a group, analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current 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.