Pictet Asset Management Holding SA Cuts Position in American Water Works Company, Inc. (NYSE:AWK)

Pictet Asset Management Holding SA trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,653,180 shares of the utilities provider’s stock after selling 211,377 shares during the period. Pictet Asset Management Holding SA’s holdings in American Water Works were worth $454,784,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AWK. New Age Alpha Advisors LLC purchased a new position in American Water Works during the fourth quarter valued at $4,696,000. Norges Bank purchased a new position in shares of American Water Works in the 4th quarter worth about $294,524,000. Blair William & Co. IL boosted its stake in American Water Works by 4.3% in the 4th quarter. Blair William & Co. IL now owns 11,818 shares of the utilities provider’s stock worth $1,471,000 after purchasing an additional 482 shares in the last quarter. NEOS Investment Management LLC boosted its stake in American Water Works by 25.6% in the 4th quarter. NEOS Investment Management LLC now owns 6,075 shares of the utilities provider’s stock worth $756,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in American Water Works during the 4th quarter valued at about $1,987,000. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

NYSE AWK opened at $143.24 on Friday. The stock has a market capitalization of $27.92 billion, a price-to-earnings 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. The business’s fifty day moving average price is $132.73 and its 200-day moving average price is $134.49.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Ratings Changes

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

About American Water Works

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.