Andra AP fonden Invests $822,000 in American Water Works Company, Inc. (NYSE:AWK)

Andra AP fonden purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,600 shares of the utilities provider’s stock, valued at approximately $822,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in American Water Works by 41.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,523 shares of the utilities provider’s stock valued at $223,000 after buying an additional 446 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Water Works by 129.6% during the third quarter. Principal Financial Group Inc. now owns 502,391 shares of the utilities provider’s stock worth $73,470,000 after acquiring an additional 283,579 shares during the period. Assetmark Inc. increased its stake in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the period. Atria Investments Inc increased its stake in shares of American Water Works by 5.6% in the third quarter. Atria Investments Inc now owns 26,185 shares of the utilities provider’s stock valued at $3,829,000 after purchasing an additional 1,395 shares during the period. Finally, Arrow Financial Corp increased its stake in shares of American Water Works by 55.1% in the third quarter. Arrow Financial Corp now owns 9,873 shares of the utilities provider’s stock valued at $1,444,000 after purchasing an additional 3,506 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on AWK shares. Wells Fargo & Company raised their price objective on shares of American Water Works from $129.00 to $133.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective 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. Finally, UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.57.

American Water Works Trading Up 5.4 %

Shares of NYSE:AWK opened at $145.61 on Monday. The firm has a fifty day moving average of $127.25 and a two-hundred day moving average of $134.33. The firm has a market capitalization of $28.39 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $150.68. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works 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.