IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 9,756 Shares of American Water Works Company, Inc. (NYSE:AWK)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of American Water Works by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider’s stock worth $3,125,598,000 after purchasing an additional 217,582 shares during the period. State Street Corp increased its position in American Water Works by 1.9% in the third quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock worth $1,682,280,000 after buying an additional 214,082 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of American Water Works by 1.0% in the third quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after buying an additional 43,754 shares during the period. Amundi lifted its position in shares of American Water Works by 11.9% during the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after buying an additional 477,411 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock worth $395,180,000 after acquiring an additional 1,736,258 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

American Water Works Trading Up 1.5 %

Shares of American Water Works stock opened at $143.24 on Friday. The company has a 50 day simple moving average of $132.73 and a two-hundred day simple moving average of $134.49. The firm has a market cap of $27.92 billion, a PE ratio of 26.58, a PEG ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35.

American Water Works (NYSE:AWK) last announced 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

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.