Magnetar Financial LLC Purchases Shares of 12,958 American Water Works Company, Inc. (NYSE:AWK)

Magnetar Financial LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,958 shares of the utilities provider's stock, valued at approximately $1,613,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in American Water Works by 120.7% in the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after buying an additional 1,736,258 shares during the period. Groupama Asset Managment increased its position in shares of American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock worth $104,000 after acquiring an additional 695,474 shares during the period. Raymond James Financial Inc. purchased a new position in shares of American Water Works during the fourth quarter worth approximately $71,120,000. Amundi raised its stake in shares of American Water Works by 11.9% during the fourth quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock valued at $553,687,000 after acquiring an additional 477,411 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of American Water Works by 268.0% in the fourth quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock valued at $66,868,000 after purchasing an additional 391,166 shares during the period. 86.58% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have commented on AWK. Wells Fargo & Company raised their price objective 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. StockNews.com lowered American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Finally, 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $141.86.

American Water Works Stock Down 0.3 %

AWK stock traded down $0.38 during trading on Tuesday, reaching $139.32. 1,729,395 shares of the company traded hands, compared to its average volume of 1,144,657. The business has a 50 day simple moving average of $131.71 and a 200 day simple moving average of $134.41. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results 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. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.11 billion. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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.