Swiss National Bank decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 4.8% during the 3rd quarter, Holdings Channel reports. The firm owned 562,200 shares of the utilities provider’s stock after selling 28,100 shares during the period. Swiss National Bank’s holdings in American Water Works were worth $78,253,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. American National Bank & Trust acquired a new position in American Water Works during the third quarter worth $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in American Water Works in the third quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of American Water Works in the 3rd quarter valued at about $28,000. Elevation Point Wealth Partners LLC acquired a new position in shares of American Water Works during the 2nd quarter worth about $29,000. Finally, Cloud Capital Management LLC bought a new stake in shares of American Water Works in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
American Water Works Stock Performance
NYSE AWK opened at $132.71 on Wednesday. American Water Works Company, Inc. has a 12-month low of $121.28 and a 12-month high of $155.50. The company has a market cap of $25.91 billion, a P/E ratio of 23.32, a PEG ratio of 3.21 and a beta of 0.77. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $130.75 and a 200 day simple moving average of $133.67.
Analysts Set New Price Targets
Several analysts have issued reports on AWK shares. Barclays dropped their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company reduced their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $117.00 to $139.00 in a research report on Monday, January 12th. UBS Group set a $149.00 price target on American Water Works in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $140.89.
Read Our Latest Stock Analysis on American Water Works
American Water Works Profile
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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