126,604 Shares in American Water Works Company, Inc. $AWK Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc bought a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 126,604 shares of the utilities provider’s stock, valued at approximately $16,391,000.

A number of other large investors have also bought and sold shares of AWK. Louisiana State Employees Retirement System acquired a new position in American Water Works in the first quarter worth $1,347,000. Jericho Financial LLP bought a new stake in American Water Works during the 2nd quarter worth about $3,506,000. Wealthfront Advisers LLC acquired a new stake in American Water Works in the 2nd quarter valued at about $11,899,000. Bank of Nova Scotia acquired a new position in shares of American Water Works during the second quarter worth approximately $3,092,000. Finally, Janney Montgomery Scott LLC lifted its holdings in American Water Works by 22.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 104,743 shares of the utilities provider’s stock worth $14,255,000 after buying an additional 19,043 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Up 0.7%

NYSE:AWK traded up $0.89 during mid-day trading on Thursday, hitting $128.27. The company had a trading volume of 2,123,546 shares, compared to its average volume of 2,009,134. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The firm has a market cap of $25.49 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.61 and a beta of 0.58. The business’s fifty day moving average is $135.39 and its two-hundred day moving average is $132.16.

American Water Works (NYSE:AWK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.American Water Works’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AWK shares. Truist Financial set a $139.00 target price on American Water Works in a research note on Tuesday, August 4th. Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Weiss Ratings upgraded American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, UBS Group upped their target price on shares of American Water Works from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.11.

Check Out Our Latest Stock Analysis on American Water Works

American Water Works Profile

(Free Report)

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.

See Also

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).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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.