Connor Clark & Lunn Investment Management Ltd. Buys 30,363 Shares of American Water Works Company, Inc. (NYSE:AWK)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 48.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 93,186 shares of the utilities provider’s stock after acquiring an additional 30,363 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in American Water Works were worth $11,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crews Bank & Trust purchased a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. Providence First Trust Co purchased a new stake in shares of American Water Works during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new stake in shares of American Water Works during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position in shares of American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of American Water Works during the 4th quarter valued at about $48,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.3 %

American Water Works stock opened at $144.43 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $152.07. The firm has a 50 day moving average of $129.24 and a 200 day moving average of $134.54. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.11 billion. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. StockNews.com raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price 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 increased their target price on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $141.86.

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.