IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Position in American Water Works Company, Inc. $AWK

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,777 shares of the utilities provider’s stock after buying an additional 1,435 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in American Water Works were worth $2,334,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PFG Advisors grew its holdings in American Water Works by 33.4% during the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after buying an additional 2,429 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of American Water Works by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock worth $1,556,000 after purchasing an additional 229 shares during the period. Mirador Capital Partners LP boosted its holdings in shares of American Water Works by 28.4% in the 2nd quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock worth $1,610,000 after purchasing an additional 2,562 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in shares of American Water Works by 11.2% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 368 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of American Water Works by 144.4% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 8,703 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AWK. Mizuho set a $145.00 target price on American Water Works in a report on Tuesday. Cowen began coverage on American Water Works in a report on Wednesday, October 15th. They issued a “hold” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on American Water Works in a research note on Monday. They set an “equal weight” rating and a $142.00 price target for the company. Finally, Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. One 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’s stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $145.38.

American Water Works Stock Down 2.3%

Shares of AWK opened at $134.85 on Wednesday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.31 and a beta of 0.70. The stock’s 50-day moving average price is $140.36 and its 200-day moving average price is $141.95.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works 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.