Renaissance Technologies LLC Makes New Investment in American Water Works Company, Inc. (NYSE:AWK)

Renaissance Technologies LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 156,600 shares of the utilities provider's stock, valued at approximately $19,495,000. Renaissance Technologies LLC owned 0.08% of American Water Works at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its holdings in American Water Works by 5.6% during the third quarter. Orion Portfolio Solutions LLC now owns 5,678 shares of the utilities provider's stock worth $830,000 after acquiring an additional 300 shares during the period. MML Investors Services LLC grew its position in shares of American Water Works by 23.2% during the third quarter. MML Investors Services LLC now owns 12,731 shares of the utilities provider's stock worth $1,862,000 after buying an additional 2,401 shares in the last quarter. Barclays PLC boosted its holdings in American Water Works by 1.0% in the third quarter. Barclays PLC now owns 376,348 shares of the utilities provider's stock valued at $55,037,000 after purchasing an additional 3,560 shares in the last quarter. M&T Bank Corp grew its position in American Water Works by 2.2% during the 3rd quarter. M&T Bank Corp now owns 63,136 shares of the utilities provider's stock worth $9,233,000 after purchasing an additional 1,331 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of American Water Works during the third quarter worth approximately $716,000. Institutional investors own 86.58% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently commented on AWK shares. JPMorgan Chase & Co. decreased their price objective on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. StockNews.com upgraded shares of American Water Works from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company increased their price objective on shares of American Water Works from $133.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.86.

American Water Works Trading Down 0.3 %

NYSE AWK traded down $0.41 during trading hours on Wednesday, reaching $146.47. The company's stock had a trading volume of 1,124,573 shares, compared to its average volume of 1,237,182. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $155.50. The firm has a fifty day simple moving average of $138.77 and a 200-day simple moving average of $134.26. The stock has a market cap of $28.56 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.80 and a beta of 0.68.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data 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 net margin of 22.44% and a return on equity of 10.29%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. Equities analysts forecast 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.