Hsbc Holdings PLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 51.3% in the first quarter, Holdings Channel reports. The firm owned 732,883 shares of the utilities provider’s stock after acquiring an additional 248,544 shares during the period. Hsbc Holdings PLC’s holdings in American Water Works were worth $99,780,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in AWK. Elevated Capital Advisors LLC lifted its stake in shares of American Water Works by 289.0% during the first quarter. Elevated Capital Advisors LLC now owns 389 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 289 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of American Water Works by 89.2% in the first quarter. Kestra Advisory Services LLC now owns 17,382 shares of the utilities provider’s stock valued at $2,365,000 after buying an additional 8,194 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of American Water Works by 1.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 74,566 shares of the utilities provider’s stock valued at $10,181,000 after buying an additional 945 shares during the period. Demars Financial Group LLC raised its holdings in shares of American Water Works by 22.4% during the 1st quarter. Demars Financial Group LLC now owns 6,287 shares of the utilities provider’s stock valued at $856,000 after buying an additional 1,151 shares during the period. Finally, Cahaba Wealth Management Inc. lifted its position in American Water Works by 1.7% during the 1st quarter. Cahaba Wealth Management Inc. now owns 21,743 shares of the utilities provider’s stock worth $2,959,000 after acquiring an additional 358 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Saturday. UBS Group lifted their price objective on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Barclays boosted their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday. Bank of America restated a “neutral” rating on shares of American Water Works in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.60.
American Water Works Trading Down 0.0%
Shares of AWK opened at $135.08 on Monday. The company has a market capitalization of $26.38 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.73 and a beta of 0.61. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The stock has a 50-day moving average price of $127.56 and a 200 day moving average price of $130.64.
American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. American Water Works’s revenue for the quarter was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.
American Water Works Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were given a dividend of $0.895 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s dividend payout ratio is 63.48%.
American Water Works Profile
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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