Nuance Investments LLC Has $18.15 Million Position in American Water Works Company, Inc. $AWK

Nuance Investments LLC cut its position in American Water Works Company, Inc. (NYSE:AWK) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,461 shares of the utilities provider’s stock after selling 12,593 shares during the quarter. American Water Works accounts for about 1.4% of Nuance Investments LLC’s holdings, making the stock its 19th biggest holding. Nuance Investments LLC owned about 0.07% of American Water Works worth $18,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AWK. Sumitomo Life Insurance Co. increased its stake in shares of American Water Works by 1.5% in the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after buying an additional 70 shares during the period. Sargent Investment Group LLC boosted its position in American Water Works by 2.6% during the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock worth $412,000 after buying an additional 70 shares during the period. Obermeyer Wealth Partners grew its holdings in American Water Works by 3.4% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 76 shares during the last quarter. Foundations Investment Advisors LLC increased its position in American Water Works by 5.0% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 82 shares during the period. Finally, Fortune Financial Advisors LLC increased its position in American Water Works by 5.9% in the 2nd quarter. Fortune Financial Advisors LLC now owns 1,573 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 87 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Barclays raised their target price on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Mizuho set a $145.00 price target on American Water Works in a research report on Tuesday, October 28th. TD Cowen began coverage on American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.00.

American Water Works Price Performance

AWK stock opened at $130.55 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 2.84 and a beta of 0.72. The company’s fifty day simple moving average is $137.84 and its 200 day simple moving average is $140.90. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a yield of 2.5%. American Water Works’s payout ratio is 58.17%.

American Water Works Company 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.