Erste Asset Management GmbH Lowers Holdings in American Water Works Company, Inc. $AWK

Erste Asset Management GmbH reduced its position in American Water Works Company, Inc. (NYSE:AWK) by 65.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,530 shares of the utilities provider’s stock after selling 107,477 shares during the quarter. Erste Asset Management GmbH’s holdings in American Water Works were worth $7,592,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Werlinich Asset Management LLC boosted its holdings in shares of American Water Works by 1.9% in the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 75 shares in the last quarter. Obermeyer Wealth Partners lifted its position in American Water Works by 3.4% in the second quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 76 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in American Water Works by 2.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,856 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 77 shares in the last quarter. Birchcreek Wealth Management LLC increased its position in American Water Works by 5.4% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 80 shares during the period. Finally, Cahaba Wealth Management Inc. raised its stake in shares of American Water Works by 0.4% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock worth $2,958,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $135.84 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $130.06 and its 200 day moving average price is $134.23. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $155.50. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.13 and a beta of 0.77.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.04). American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio is 58.17%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AWK shares. Wells Fargo & Company decreased their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Barclays decreased their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. UBS Group set a $149.00 price target on shares of American Water Works in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $140.89.

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.