Ipsen Advisor Group LLC Invests $418,000 in American Water Works Company, Inc. (NYSE:AWK)

Ipsen Advisor Group LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,356 shares of the utilities provider’s stock, valued at approximately $418,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of 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 worth $300,739,000 after buying an additional 125,128 shares in the last quarter. Sovran Advisors LLC bought a new stake in American Water Works during the fourth quarter worth approximately $277,000. M&T Bank Corp raised its position in American Water Works by 3.3% during the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock valued at $8,123,000 after purchasing an additional 2,113 shares during the period. Czech National Bank lifted its stake in shares of American Water Works by 6.5% in the 4th quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of American Water Works by 65.5% in the 3rd quarter. Swedbank AB now owns 106,383 shares of the utilities provider’s stock worth $15,557,000 after purchasing an additional 42,094 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on AWK shares. Wells Fargo & Company increased their price target on 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 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. Finally, StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $141.86.

American Water Works Trading Down 0.3 %

NYSE AWK opened at $139.32 on Wednesday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company’s 50-day moving average price is $132.04 and its 200-day moving average price is $134.38. The stock has a market cap of $27.16 billion, a PE ratio of 25.85, a PEG ratio of 2.80 and a beta of 0.69. 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 issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current 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.