JPMorgan Chase & Co. Has Lowered Expectations for American Water Works (NYSE:AWK) Stock Price

American Water Works (NYSE:AWK) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $147.00 to $128.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 0.71% from the stock’s previous close.

Several other equities research analysts have also weighed in on AWK. Jefferies Financial Group started 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. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Finally, Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and increased their price objective for the stock 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 assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.38.

American Water Works Stock Performance

AWK stock traded down $2.85 during trading on Tuesday, hitting $127.10. 156,108 shares of the company’s stock traded hands, compared to its average volume of 1,047,965. The stock has a fifty day moving average price of $128.48 and a two-hundred day moving average price of $136.85. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. American Water Works has a 52 week low of $113.34 and a 52 week high of $150.68. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71.

Institutional Trading of American Water Works

Hedge funds have recently made changes to their positions in the stock. Crews Bank & Trust acquired a new position in American Water Works in the 4th quarter valued at approximately $26,000. Catalyst Capital Advisors LLC grew its holdings in shares of American Water Works by 155.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 182 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of American Water Works in the third quarter worth $51,000. Assetmark Inc. raised its holdings in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 90 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

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.