Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,539 shares of the utilities provider’s stock after selling 12,702 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in American Water Works were worth $52,505,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in American Water Works in the second quarter valued at approximately $2,712,173,000. Wellington Management Group LLP increased its position in 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 worth $1,962,116,000 after purchasing an additional 3,883,057 shares during the last quarter. GQG Partners LLC purchased a new position in American Water Works during the second quarter worth approximately $1,171,477,000. Amundi raised its stake in American Water Works by 4.3% during the first quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock worth $592,081,000 after purchasing an additional 179,127 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of American Water Works in the 2nd quarter valued at $443,787,000. 86.58% of the stock is owned by institutional investors and hedge funds.
More American Water Works News
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: West Virginia American Water announced an $850,000 infrastructure project on Old Route 38 in Fayetteville, following a separate $700,000 project in Glen Jean. The investments support ongoing system upgrades, though their direct financial impact is likely limited. West Virginia American Water Announces $850,000 Infrastructure Investment Project on Old Route 38 West Virginia American Water Announces $700,000 Infrastructure Project in Glen Jean
- Positive Sentiment: Huntington Securities forecasts EPS of $6.58 for FY2027 and $7.12 for FY2028, suggesting continued earnings growth. Its FY2026 estimate of $6.09 is in line with the cited consensus, so the forecasts are supportive but not a clear near-term earnings upgrade. American Water Works earnings estimates
- Neutral Sentiment: Wall Street brokerages collectively rated AWK “Hold,” indicating a broadly cautious or balanced view rather than a strong bullish or bearish consensus. American Water Works Company, Inc. Stock Rated “Hold” by Wall Street Brokerages
American Water Works Trading Up 2.1%
Shares of AWK stock opened at $149.43 on Thursday. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.17. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $149.68. The firm’s 50 day moving average price is $136.16 and its two-hundred day moving average price is $132.67.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.04). American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. American Water Works’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be given a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. American Water Works’s dividend payout ratio is 62.05%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on AWK shares. Bank of America reissued a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Barclays cut their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. Finally, UBS Group lowered their price target on American Water Works from $162.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $139.86.
Get Our Latest Research Report on American Water Works
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.
Read More
- Five stocks we like better than American Water Works
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
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.
