Runnymede Capital Advisors Inc. Invests $256,000 in American Water Works Company, Inc. (NYSE:AWK)

Runnymede Capital Advisors Inc. bought a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,054 shares of the utilities provider's stock, valued at approximately $256,000.

Several other hedge funds have also recently made changes to their positions in AWK. Victory Capital Management Inc. raised its holdings in shares of American Water Works by 120.7% in the fourth 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 lifted 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 purchasing an additional 695,474 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of American Water Works during the fourth quarter valued at $71,120,000. Amundi boosted 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 purchasing an additional 477,411 shares during the period. Finally, Confluence Investment Management LLC increased its stake in American Water Works by 268.0% in the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock worth $66,868,000 after buying an additional 391,166 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on shares of American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lifted 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 report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.86.

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American Water Works Stock Up 1.4 %

Shares of AWK traded up $1.88 during midday trading on Wednesday, hitting $141.04. 1,329,801 shares of the company's stock traded hands, compared to its average volume of 1,145,145. 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 market capitalization of $27.50 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $152.07. The firm's fifty day moving average is $132.04 and its 200-day moving average is $134.38.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.11 billion. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current 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.