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

American Water Works (NYSE:AWK) had its target price cut by equities researchers at JPMorgan Chase & Co. from $147.00 to $128.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 3.01% from the company’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Wells Fargo & Company upgraded shares of American Water Works from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $133.00 to $129.00 in a research report on Tuesday, January 7th. Mizuho downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.38.

American Water Works Stock Performance

AWK opened at $124.26 on Tuesday. American Water Works has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a market cap of $24.22 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.62 and a beta of 0.71. The business’s 50 day moving average is $128.12 and its 200-day moving average is $136.72. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AWK. Crews Bank & Trust bought a new stake in shares of American Water Works during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC raised its position in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works during the third quarter valued at $51,000. Assetmark Inc. boosted its position in shares of American Water Works by 31.7% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in American Water Works in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

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.