Stock Analysis:American Water Works (NYSE:AWK) Stock Target Upgraded
In a recent report issued to clients by Barclays Capital on Friday morning, American Water Works (NYSE:AWK) had its TP raised to $68.00. The firm now has a solid “Overweight” rating on shares.
The stock increased 0.43% or $0.26 during the last trading session, striking $59.55. Approximately 2.24 million shares of stock traded hands or 169.18% up from the average. American Water Works Company Inc (NYSE:AWK) has risen 10.51% since May 15, 2015 and is uptrending. It has outperformed by 14.32% the S&P500.
The overall sentiment of institutions has decreased to 1.03 in Q2 2015. Its down 0.20, from 1.23 in 2015Q2. The ratio dropped, as 37 institutions have sold all the shares of American Water Works Company Inc that they owned while 165 funds have taken shares off the table. 51 funds have purchased shares for the first time while 158 added to their positions. These institutions now hold 156.20 million shares or 12.00% more than the 139.47 million shares they owned in 2015Q2.
The Fund Water Asset Management Llc currently is holding shares equating to 13.16% of its total portfolio in American Water Works Company Inc representing a total of 416,973 shares. Another fund,Partners Group Holding Ag, is holding a total of 542,140 shares equating to 8.5% of their holdings. Additionally, Impax Asset Management Ltd has a 1.57 million share stake in American Water Works Company Inc which represents 6% of their total portfolio. The Fund, First Wilshire Securities Management Inc, based out of California, has also built up a stake in the stock, which represents a total of 5.92% of their total portfolio. Finally Osterweis Capital Management Inc, a fund which is based in the state of California reported a total holdings of 1.83 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of American Water Works Company Inc have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $1.08 million . Lynch Walter sold 20,000 shares worth approximately $1.08 million. Pape Kathy L sold 4,970 shares worth approximately $262,963. Strauss Mark F. sold 9,280 shares worth approximately $497,222. Sgro Michael A sold 613 shares worth approximately $32,048. The company insider Smith Mark S sold 994 shares worth $52,125.
American Water Works Company, Inc. is a water and wastewater utility holding company. The company has a market cap of $10.64 billion. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. It has 22.8 P/E ratio. The Firm has two operating divisions: the Regulated Businesses and the Market-Based Operations.
According to Zacks Investment Research, “AMER WATER is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly seven thousand dedicated professionals who provide drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.”