Published: Sun, April 22, 2018
Business | By Tara Barton

Will Today's Guggenheim Downgrade Harm American Water (NYSE:AWK) Stock?

The institutional investor held 285,216 shares of the water supply company at the end of 2017Q4, valued at $21.73 million, up from 276,316 at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Mam Software Group Inc for a number of months, seems to be bullish on the $96.22 million market cap company. Brown Advisory invested in 0.14% or 1.63 million shares. Integrated Device Technology, Inc. It is down 11.14% since April 22, 2017 and is uptrending.

Putnam Investments Llc decreased its stake in American Water Works Co Inc (AWK) by 9.8% based on its latest 2017Q4 regulatory filing with the SEC. The Partners Group Holding Ag holds 433,340 shares with $39.65M value, down from 478,040 last quarter. The hedge fund run by Mariko Gordon held 694,865 shares of the metal fabrications company at the end of 2017Q4, valued at $64.98M, down from 753,723 at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in American Wtr Wks Co Inc New for a number of months, seems to be bullish on the $15.09B market cap company.

The stock increased 0.01% or $0.01 during the last trading session, reaching $83.67. 349,070 shares of the company's stock traded hands, compared to its average volume of 1,131,721. (NYSE:AWK) has risen 5.01% since April 22, 2017 and is uptrending. It has underperformed by 6.54% the S&P500. (NYSE:NPO) to report earnings on May, 2 after the close. They expect $0.54 earnings per share, up 3.85% or $0.02 from last year's $0.52 per share. Meeder Asset reported 0.09% in American Water Works Company, Inc.

Investors sentiment increased to 1.09 in Q4 2017. The stock has a market cap of $1.64 billion, a PE ratio of 26.50 and a beta of 0.42. It improved, as 23 investors sold AWK shares while 203 reduced holdings. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American States Water by 1,128.7% in the third quarter. Voya Invest Mgmt Limited Liability Corporation invested in 17,281 shares or 0% of the stock. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

American Water (NYSE:AWK) has received a consensus rating of "Hold" from the fourteen analysts that are now covering the company, MarketBeat reports. First Trust Advsr Limited Partnership has invested 0.03% in American Water Works Company, Inc. (NYSE:AWK). Drw Securities Ltd stated it has 0.02% in American Water Works Company, Inc.

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Equities analysts forecast that American Water (NYSE:AWK) will announce $781.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Great West Life Assurance Can reported 46,990 shares. Janney Montgomery Scott Ltd Liability Corporation has invested 0.07% in American Water Works Company, Inc. California State Teachers Retirement Sys reported 124,967 shares. Chesley Taft And Associates holds 0.12% or 14,860 shares. Victory Cap Management accumulated 19,394 shares or 0% of the stock. FARROW GLADYS sold $36,452 worth of stock or 699 shares.

Among 8 analysts covering American Water Works Co (NYSE:AWK), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. American Water Works had 34 analyst reports since October 15, 2015 according to SRatingsIntel. As per Friday, August 5, the company rating was upgraded by Janney Capital. The firm has "Neutral" rating given on Thursday, February 22 by Robert W. Baird. The firm has "Buy" rating by UBS given on Friday, March 23. Wells Fargo maintained American States Water Company (NYSE:AWR) on Tuesday, October 3 with "Market Perform" rating. American Water has a 52-week low of $74.63 and a 52-week high of $92.37. (NYSE:AWK) for 255,993 shares. On Wednesday, April 26 the stock rating was downgraded by Robert W. Baird to "Neutral". American Water's dividend payout ratio is presently 54.79%.

Analysts await Integrated Device Technology, Inc. (NYSE:AWK) has "Neutral" rating given on Tuesday, January 2 by Guggenheim. ACXM's profit will be $6.29M for 79.69 P/E if the $0.08 EPS becomes a reality.

Investors sentiment decreased to 0.83 in 2017 Q4. The stock decreased 1.42% or $0.11 during the last trading session, reaching $7.65. It turned negative, as 24 investors sold IDTI shares while 94 reduced holdings. 31 funds opened positions while 59 raised stakes. 124.57 million shares or 6.44% less from 133.15 million shares in 2017Q3 were reported. Corecommodity owns 7,939 shares. Nordea Inv Mngmt holds 0% or 29,800 shares. New York-based Blackrock has invested 0% in MAM Software Group, Inc. (NASDAQ:IDTI) for 390 shares. Deutsche Retail Bank Ag stated it has 0% in MAM Software Group, Inc. From the start of the calendar year, shares have been -10.59%. Nisa Investment Advisors LLC raised its holdings in shares of American Water by 38.9% in the fourth quarter. (NASDAQ:IDTI). Fmr Lc holds 4.88 million shares. Amer Intl Group holds 0.04% or 362,363 shares. Tiaa Cref Inv Mgmt Lc reported 456,756 shares. Homrich & Berg reported 0.03% stake. It also upped Vertex Pharmaceuticals Inc (NASDAQ:VRTX) stake by 4,844 shares and now owns 103,138 shares. (NASDAQ:IDTI) for 65,443 shares. Aurora Investment Counsel purchased a new stake in shares of American Water in the fourth quarter valued at about $2,210,000.

Over the previous year, Dell Technologies Inc. Also, insider James C. Cotton III sold 1,033 shares of the business's stock in a transaction on Friday, May 5th. 22,778 shares were sold by Shepard David, worth $682,222 on Thursday, December 14. As per Monday, June 6, the company rating was downgraded by Boenning & Scattergood.

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