ERTS Wealth Advisors LLC purchased a new position in American Water Works Company Inc (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 470 shares of the utilities provider’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Eagle Capital Management LLC boosted its position in shares of American Water Works by 2.1% during the third quarter. Eagle Capital Management LLC now owns 37,581 shares of the utilities provider’s stock worth $3,306,000 after buying an additional 755 shares during the period. Cadence Capital Management LLC boosted its position in shares of American Water Works by 26.3% during the third quarter. Cadence Capital Management LLC now owns 3,342 shares of the utilities provider’s stock worth $294,000 after buying an additional 696 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of American Water Works by 3.9% during the third quarter. Janney Montgomery Scott LLC now owns 65,106 shares of the utilities provider’s stock worth $5,727,000 after buying an additional 2,457 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of American Water Works by 6.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 26,845 shares of the utilities provider’s stock worth $2,362,000 after buying an additional 1,600 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of American Water Works by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 74,675 shares of the utilities provider’s stock worth $6,569,000 after buying an additional 2,566 shares during the period. Institutional investors own 84.10% of the company’s stock.

Several research firms have recently commented on AWK. Janney Montgomery Scott restated a “buy” rating and set a $102.00 price target on shares of American Water Works in a research report on Thursday, February 21st. Wells Fargo & Co lifted their target price on American Water Works from $101.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Robert W. Baird upgraded American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price for the company in a report on Thursday, December 6th. Finally, Bank of America lifted their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $99.35.

NYSE:AWK traded down $0.52 during midday trading on Thursday, reaching $104.59. The company had a trading volume of 2,912 shares, compared to its average volume of 984,296. The firm has a market cap of $18.96 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 3.65 and a beta of 0.25. American Water Works Company Inc has a 12-month low of $77.73 and a 12-month high of $105.37. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29.

American Water Works (NYSE:AWK) last released its earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. The firm had revenue of $850.00 million during the quarter, compared to analyst estimates of $823.93 million. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. American Water Works’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Equities analysts forecast that American Water Works Company Inc will post 3.58 EPS for the current year.

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About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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