DnB Asset Management AS Has $10.93 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

DnB Asset Management AS boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,772 shares of the utilities provider’s stock after purchasing an additional 5,165 shares during the quarter. DnB Asset Management AS’s holdings in American Water Works were worth $10,927,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Level Four Advisory Services LLC lifted its stake in shares of American Water Works by 4.7% in the fourth quarter. Level Four Advisory Services LLC now owns 35,082 shares of the utilities provider’s stock valued at $4,367,000 after buying an additional 1,581 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of American Water Works by 9.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,235 shares of the utilities provider’s stock worth $776,000 after acquiring an additional 557 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of American Water Works during the 4th quarter worth approximately $4,696,000. Norges Bank bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $294,524,000. Finally, Blair William & Co. IL raised its stake in shares of American Water Works by 4.3% in the fourth quarter. Blair William & Co. IL now owns 11,818 shares of the utilities provider’s stock valued at $1,471,000 after purchasing an additional 482 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of American Water Works stock opened at $146.28 on Friday. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.80 and a beta of 0.69. The firm’s 50-day moving average price is $133.12 and its two-hundred day moving average price is $134.39. 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 Company, Inc. has a 1-year low of $113.34 and a 1-year high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly 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. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on AWK shares. Wells Fargo & Company boosted their price target on shares of 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. decreased 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 report on Tuesday, January 28th. Finally, StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus 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.