Mitsubishi UFJ Asset Management Co. Ltd. Buys 32,942 Shares of American Water Works Company, Inc. (NYSE:AWK)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in American Water Works Company, Inc. (NYSE:AWK) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 315,688 shares of the utilities provider’s stock after acquiring an additional 32,942 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in American Water Works were worth $39,073,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AWK. Crews Bank & Trust bought a new stake in American Water Works during the 4th quarter worth approximately $26,000. Providence First Trust Co acquired a new position in shares of American Water Works during the fourth quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of American Water Works in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC increased its holdings in American Water Works by 54.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in American Water Works during the 4th quarter worth $47,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock opened at $146.28 on Friday. The stock’s 50 day moving average price is $133.12 and its two-hundred day moving average price is $134.39. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.80 and a beta of 0.69. 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.

American Water Works (NYSE:AWK) last posted 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. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented 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 research report on Tuesday, January 28th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company raised their price target on shares of American Water Works from $133.00 to $142.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.86.

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.