American Water Works (NYSE:AWK – Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $147.00 to $128.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.01% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Jefferies Financial Group began coverage on American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price on the stock. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.38.
American Water Works Stock Performance
Institutional Investors Weigh In On American Water Works
Several institutional investors and hedge funds have recently added to or reduced their stakes in AWK. Victory Capital Management Inc. grew its stake in American Water Works by 1,131.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock valued at $210,313,000 after buying an additional 1,321,320 shares during the last quarter. Groupama Asset Managment boosted its holdings in American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 695,474 shares during the period. International Assets Investment Management LLC grew its position in shares of American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock valued at $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider’s stock worth $66,868,000 after purchasing an additional 391,166 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of American Water Works by 631.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after purchasing an additional 384,836 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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