Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 220.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,393 shares of the utilities provider’s stock after purchasing an additional 78,655 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in American Water Works were worth $15,568,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AWK. Empowered Funds LLC boosted its stake in shares of American Water Works by 11.5% during the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after buying an additional 609 shares during the last quarter. Woodline Partners LP increased its stake in shares of American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after buying an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in American Water Works in the second quarter valued at $302,000. Cresset Asset Management LLC raised its holdings in American Water Works by 1.5% in the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after acquiring an additional 85 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in American Water Works by 184.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after acquiring an additional 3,561 shares during the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on AWK. UBS Group boosted their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial decreased their price target on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research note on Tuesday, April 21st. Finally, Bank of America reduced their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Water Works has an average rating of “Hold” and an average price target of $139.22.
American Water Works Price Performance
Shares of NYSE:AWK opened at $136.56 on Friday. The company has a market cap of $26.67 billion, a PE ratio of 24.21, a P/E/G ratio of 2.86 and a beta of 0.61. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $147.87. The firm has a 50-day simple moving average of $126.91 and a 200 day simple moving average of $130.57. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16.
American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 6.08 EPS for the current year.
American Water Works Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were issued a $0.895 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 63.48%.
About American Water Works
American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.
In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.
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