Andra AP fonden Makes New Investment in American Water Works Company, Inc. (NYSE:AWK)

Andra AP fonden purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,600 shares of the utilities provider's stock, valued at approximately $822,000.

Other hedge funds have also made changes to their positions in the company. Callan Family Office LLC purchased a new stake in American Water Works during the 4th quarter worth about $419,000. Lindbrook Capital LLC raised its stake in American Water Works by 7.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,561 shares of the utilities provider's stock valued at $194,000 after purchasing an additional 112 shares during the last quarter. Inceptionr LLC acquired a new position in American Water Works in the 4th quarter valued at about $1,788,000. Raymond James Financial Inc. acquired a new position in American Water Works in the 4th quarter valued at about $71,120,000. Finally, Cullen Frost Bankers Inc. raised its stake in American Water Works by 1.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 25,098 shares of the utilities provider's stock valued at $3,124,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AWK shares. JPMorgan Chase & Co. cut their target price on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of American Water Works from $129.00 to $133.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. UBS Group raised shares of American Water Works from a "neutral" rating to a "buy" rating and boosted their target price for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Finally, StockNews.com raised shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and a consensus price target of $140.57.

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American Water Works Trading Down 1.8 %

Shares of NYSE:AWK traded down $2.59 during trading on Wednesday, reaching $140.84. 1,919,341 shares of the stock were exchanged, compared to its average volume of 1,446,417. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.07. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The firm's 50-day moving average price is $128.45 and its 200 day moving average price is $134.46.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.11 billion. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

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.