Candriam Luxembourg S.C.A. Has $7.37 Million Position in American Water Works Company Inc (AWK)

Candriam Luxembourg S.C.A. reduced its position in shares of American Water Works Company Inc (NYSE:AWK) by 12.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,217 shares of the utilities provider’s stock after selling 11,058 shares during the period. Candriam Luxembourg S.C.A.’s holdings in American Water Works were worth $7,372,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in shares of American Water Works in the fourth quarter worth about $28,000. Ruggie Capital Group bought a new position in shares of American Water Works in the fourth quarter worth about $31,000. Financial Gravity Companies Inc. bought a new position in shares of American Water Works in the fourth quarter worth about $32,000. JNBA Financial Advisors bought a new position in shares of American Water Works in the fourth quarter worth about $32,000. Finally, Central Bank & Trust Co. raised its stake in shares of American Water Works by 124.2% in the fourth quarter. Central Bank & Trust Co. now owns 426 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 236 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

AWK has been the subject of a number of research analyst reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $104.00 target price on shares of American Water Works in a research note on Monday, December 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of American Water Works in a research note on Wednesday, January 2nd. Robert W. Baird boosted their target price on shares of American Water Works from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Janney Montgomery Scott boosted their target price on shares of American Water Works from $96.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Finally, Bank of America boosted their target price on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. American Water Works currently has an average rating of “Buy” and a consensus target price of $99.35.

Shares of NYSE AWK opened at $106.22 on Friday. American Water Works Company Inc has a fifty-two week low of $77.73 and a fifty-two week high of $106.35. The company has a market capitalization of $18.92 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.25. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $823.93 million. During the same period in the prior year, the business posted $0.69 earnings per share. American Water Works’s revenue was up 3.5% compared to the same quarter last year. Research analysts predict that American Water Works Company Inc will post 3.58 EPS for the current fiscal year.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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