Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,186 shares of the utilities provider's stock after purchasing an additional 30,363 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in American Water Works were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AWK. IHT Wealth Management LLC boosted its stake in American Water Works by 1.2% during the third quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after buying an additional 76 shares during the period. Assetmark Inc. boosted its position in shares of American Water Works by 31.7% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after purchasing an additional 89 shares during the period. Brookfield Corp ON increased its holdings in American Water Works by 0.3% in the 3rd quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider's stock valued at $4,768,000 after purchasing an additional 89 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in American Water Works by 4.6% in the 4th quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider's stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in American Water Works by 29.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 90 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AWK. Wells Fargo & Company lifted their price objective on American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price objective 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. Finally, UBS Group upgraded shares of American Water Works from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $151.00 to $155.00 in a report on Tuesday, November 19th. 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. According to MarketBeat.com, American Water Works has a consensus rating of "Hold" and an average price target of $141.86.

American Water Works Stock Down 1.8 %

NYSE:AWK traded down $2.57 during mid-day trading on Wednesday, hitting $142.18. The stock had a trading volume of 1,548,381 shares, compared to its average volume of 1,137,345. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The stock has a 50-day simple moving average of $130.16 and a two-hundred day simple moving average of $134.49. 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 company has a market capitalization of $27.72 billion, a PE ratio of 26.38, a PEG ratio of 2.80 and a beta of 0.69.

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

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.