It Seems American Water Works Company, Inc. (AWK) Will Go Up. Formed A Few Months Wedge Up Pattern

November 10, 2018 - By Peter Erickson

American Water Works Company, Inc. (NYSE:AWK) Logo

Investors sentiment increased to 1.13 in Q2 2018. Its up 0.33, from 0.8 in 2018Q1. It increased, as 32 investors sold American Water Works Company, Inc. shares while 184 reduced holdings. 66 funds opened positions while 178 raised stakes. 145.72 million shares or 0.89% more from 144.43 million shares in 2018Q1 were reported.
3.60M are owned by Northern Tru Corporation. Harbour Ltd Company holds 11,765 shares or 0.79% of its portfolio. Kistler invested 0% of its portfolio in American Water Works Company, Inc. (NYSE:AWK). Lpl Finance Llc reported 0.01% in American Water Works Company, Inc. (NYSE:AWK). Virginia Retirement Et Al has 269,800 shares. Voya Investment Mngmt Limited Com has 0.02% invested in American Water Works Company, Inc. (NYSE:AWK) for 82,823 shares. The Kentucky-based Farmers National Bank & Trust has invested 0.05% in American Water Works Company, Inc. (NYSE:AWK). Manufacturers Life Insurance The invested 0.02% in American Water Works Company, Inc. (NYSE:AWK). Central Natl Bank Tru has invested 0% of its portfolio in American Water Works Company, Inc. (NYSE:AWK). Moreover, Atria Invs Limited Liability Corp has 0.01% invested in American Water Works Company, Inc. (NYSE:AWK) for 2,797 shares. Shamrock Asset Management invested in 0.69% or 13,200 shares. Fort Washington Inv Advisors Oh reported 103,067 shares or 0.09% of all its holdings. Covington invested in 0.28% or 51,700 shares. San Francisco Sentry Investment Grp (Ca) reported 0.28% of its portfolio in American Water Works Company, Inc. (NYSE:AWK). Bartlett & Limited Liability stated it has 0% in American Water Works Company, Inc. (NYSE:AWK).

Since May 16, 2018, it had 0 buys, and 5 sales for $3.44 million activity. Another trade for 16,026 shares valued at $1.29 million was sold by Sgro Michael A. 1,114 American Water Works Company, Inc. (NYSE:AWK) shares with value of $98,901 were sold by Kennedy Melanie M. Another trade for 10,000 shares valued at $895,700 was made by Lynch Walter on Wednesday, September 5.

The stock of American Water Works Company, Inc. (AWK) formed an up wedge with $95.88 target or 7.00 % above today’s $89.61 share price. The 8 months wedge indicates low risk for the $16.18B company. If the $95.88 price target is reached, the company will be worth $1.13B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.81% or $0.72 during the last trading session, reaching $89.61. About 704,375 shares traded. American Water Works Company, Inc. (NYSE:AWK) has risen 8.15% since November 10, 2017 and is uptrending. It has underperformed by 7.47% the S&P500.

More recent American Water Works Company, Inc. (NYSE:AWK) news were published by: 247Wallst.com which released: “After the Midterm Elections, 10 Defensive Stocks to Buy for 2019” on November 08, 2018. Also Fool.com published the news titled: “Aqua America’s Stock Plunged 7.6%. Should American Water Works Investors Fear a Similar Scenario?” on October 24, 2018. Seekingalpha.com‘s news article titled: “American Water Works’ (AWK) CEO Susan Story on Q3 2018 Results – Earnings Call Transcript” with publication date: November 01, 2018 was also an interesting one.

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company has market cap of $16.18 billion. The firm offers water and wastewater services to approximately 1,600 communities in 16 states. It has a 34.2 P/E ratio. It operates approximately 81 surface water treatment plants with approximately 522 groundwater treatment plants and 1,022 groundwater wells; 121 wastewater treatment facilities, 1,284 treated water storage facilities, 1,433 pumping stations, 80 dams, and 49,635 miles of mains and collection pipes.

American Water Works Company, Inc. (NYSE:AWK) Institutional Positions Chart

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