Transatlantique Private Wealth LLC Lowers Stake in American Water Works Company, Inc. (NYSE:AWK)

Transatlantique Private Wealth LLC lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,236 shares of the utilities provider’s stock after selling 86 shares during the period. Transatlantique Private Wealth LLC’s holdings in American Water Works were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in American Water Works by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider’s stock valued at $3,125,598,000 after purchasing an additional 217,582 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of American Water Works by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider’s stock worth $579,981,000 after acquiring an additional 106,857 shares in the last quarter. Amundi lifted its position in American Water Works by 11.9% during the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider’s stock valued at $553,687,000 after acquiring an additional 477,411 shares during the last quarter. Victory Capital Management Inc. boosted its stake in American Water Works by 120.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider’s stock valued at $395,180,000 after acquiring an additional 1,736,258 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of American Water Works by 15.2% during the fourth quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider’s stock worth $391,205,000 after purchasing an additional 414,568 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of NYSE AWK opened at $148.35 on Friday. The stock has a market cap of $28.93 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.80 and a beta of 0.68. American Water Works Company, Inc. has a 12 month low of $117.67 and a 12 month high of $155.50. The company has a 50 day simple moving average of $140.21 and a two-hundred day simple moving average of $134.29. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last posted its earnings results 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. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. As a group, analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AWK shares. Wells Fargo & Company raised their price objective on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.