NBT Bank N.A. acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 9,843 shares of the utilities provider’s stock, valued at approximately $1,274,000.
Several other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in American Water Works during the 2nd quarter valued at $2,712,173,000. Wellington Management Group LLP boosted its holdings in American Water Works by 35.2% in the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after acquiring an additional 3,883,057 shares during the last quarter. GQG Partners LLC purchased a new stake in American Water Works during the second quarter valued at about $1,171,477,000. Amundi grew its position in American Water Works by 4.3% during the first quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after acquiring an additional 179,127 shares during the period. Finally, Legal & General Group Plc acquired a new stake in American Water Works during the second quarter worth about $443,787,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. UBS Group cut their price objective on American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their target price on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $136.75.
Get Our Latest Analysis on American Water Works
American Water Works Trading Down 0.3%
NYSE AWK opened at $142.83 on Friday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $144.14. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.92 and a beta of 0.58. The company’s fifty day moving average price is $135.13 and its two-hundred day moving average price is $131.97.
American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.
American Water Works Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.
About American Water Works
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.
Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.
See Also
- Five stocks we like better than American Water Works
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK – Free Report).
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.
