Magnetar Financial LLC Takes Position in American Water Works Company, Inc. $AWK

Magnetar Financial LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 16,433 shares of the utilities provider’s stock, valued at approximately $2,287,000.

A number of other large investors have also recently bought and sold shares of AWK. Vanguard Group Inc. boosted its holdings in shares of American Water Works by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock valued at $3,650,543,000 after acquiring an additional 597,916 shares during the last quarter. State Street Corp lifted its position in American Water Works by 2.6% during the second quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock valued at $1,590,147,000 after purchasing an additional 286,053 shares during the period. Geode Capital Management LLC boosted its holdings in American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after purchasing an additional 103,595 shares during the last quarter. Amundi grew its position in American Water Works by 4.8% during the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock worth $559,951,000 after purchasing an additional 179,127 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of American Water Works by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock valued at $478,817,000 after buying an additional 494,868 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of a number of analyst reports. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $117.00 to $139.00 in a report on Monday, January 12th. UBS Group set a $149.00 price objective on American Water Works in a report on Wednesday, December 17th. Barclays dropped their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Finally, Wells Fargo & Company reduced their target price on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. One 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 company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $140.89.

American Water Works Stock Up 3.0%

Shares of AWK opened at $138.37 on Friday. American Water Works Company, Inc. has a 52-week low of $121.28 and a 52-week high of $155.50. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $130.98 and a two-hundred day simple moving average of $133.71. The company has a market capitalization of $27.01 billion, a PE ratio of 24.32, a price-to-earnings-growth 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 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $1.15 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.