Eurizon Capital SGR S.p.A. boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 580,630 shares of the utilities provider’s stock after purchasing an additional 50,571 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in American Water Works were worth $76,394,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWK. BlackRock Inc. bought a new stake in American Water Works in the second quarter worth about $2,712,173,000. Wellington Management Group LLP boosted its position in shares of American Water Works by 35.2% during 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 buying an additional 3,883,057 shares during the period. GQG Partners LLC bought a new position in shares of American Water Works during the second quarter valued at approximately $1,171,477,000. Amundi grew its stake in shares of 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 buying an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of American Water Works during the second quarter valued at approximately $443,787,000. 86.58% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AWK has been the topic of several recent analyst reports. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Truist Financial set a $139.00 price objective on American Water Works in a report on Tuesday, August 4th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Argus upped their price objective on American Water Works from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group lowered American Water Works from a “buy” rating to a “neutral” rating and increased their target price for the stock from $153.00 to $162.00 in a research note on Friday, November 6th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average price target of $144.12.
View Our Latest Report on American Water Works
American Water Works News Roundup
Investors following AWK have been watching these news items:
- Positive Sentiment: Potential customer-base expansion: Stone County voters approved selling a local public water system to Missouri American Water, a subsidiary of AWK. The announcement did not provide transaction terms or timing. Stone County water-system sale
- Neutral Sentiment: Infrastructure investment: West Virginia American Water announced $580,000 in water-system upgrades in Oak Hill. The project supports system improvements, though its scale is modest relative to AWK. Oak Hill infrastructure upgrades
- Neutral Sentiment: PFAS settlement credits: Tennessee American Water said customers received additional credits from manufacturer settlement proceeds, bringing total credits to more than $84 per customer. The release does not indicate a new company charge. Tennessee PFAS settlement credits
American Water Works Trading Down 1.4%
Shares of AWK opened at $147.62 on Friday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $153.69. The company has a 50-day moving average of $137.61 and a 200 day moving average of $133.23. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.39 and a quick ratio of 0.36.
American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. American Water Works’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. On average, research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be issued a $0.8950 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works’s payout ratio is presently 62.05%.
About American Water Works
American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.
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