Certior Financial Group LLC Buys Shares of 2,009 American Water Works Company, Inc. (NYSE:AWK)

Certior Financial Group LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,009 shares of the utilities provider's stock, valued at approximately $250,000.

Several other hedge funds have also recently bought and sold shares of AWK. FMR LLC increased its stake in shares of American Water Works by 11.5% during the 3rd quarter. FMR LLC now owns 353,641 shares of the utilities provider's stock worth $51,716,000 after purchasing an additional 36,424 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in American Water Works in the third quarter valued at approximately $1,244,000. Worldquant Millennium Advisors LLC raised its position in shares of American Water Works by 6.6% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 43,645 shares of the utilities provider's stock worth $6,383,000 after buying an additional 2,703 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of American Water Works by 76.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 4,584 shares of the utilities provider's stock worth $670,000 after purchasing an additional 1,982 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in American Water Works during the third quarter worth approximately $275,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

AWK stock traded up $2.91 during trading hours on Friday, hitting $146.06. 1,548,978 shares of the stock traded hands, compared to its average volume of 1,239,116. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a 50-day simple moving average of $137.81 and a 200 day simple moving average of $134.21. American Water Works Company, Inc. has a one year low of $113.34 and a one year high of $155.50. The company has a market cap of $28.48 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.80 and a beta of 0.68.

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American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. Equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AWK. StockNews.com upgraded American Water Works from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Wells Fargo & Company increased their target price on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Water Works currently has a consensus rating of "Hold" and an average price target of $141.86.

American Water Works Company Profile

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.