Mitsubishi UFJ Asset Management Co. Ltd. Has $39.07 Million Position in American Water Works Company, Inc. (NYSE:AWK)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,688 shares of the utilities provider’s stock after purchasing an additional 32,942 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of American Water Works worth $39,073,000 as of its most recent SEC filing.

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

American Water Works Trading Up 2.3 %

Shares of American Water Works stock opened at $146.28 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. 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 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 firm’s 50-day moving average price is $133.12 and its two-hundred day moving average price is $134.39.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.11 billion. On average, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AWK. JPMorgan Chase & Co. lowered their price objective 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 lowered 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 boosted 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has an average 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.