Truist Financial Issues Pessimistic Forecast for American Water Works (NYSE:AWK) Stock Price

American Water Works (NYSE:AWK) had its price objective cut by stock analysts at Truist Financial from $137.00 to $130.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price target would suggest a potential upside of 6.27% from the stock’s current price.

A number of other analysts also recently commented on AWK. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Bank of America reduced their price target on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Finally, Barclays upped their price target on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.11.

American Water Works Stock Down 1.2%

AWK stock opened at $122.33 on Friday. The company has a market cap of $23.89 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.68 and a beta of 0.64. American Water Works has a 52 week low of $121.28 and a 52 week high of $147.87. The company’s 50-day moving average price is $131.24 and its 200 day moving average price is $131.14. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts expect that American Water Works will post 6.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Water Works

Several large investors have recently made changes to their positions in AWK. Salomon & Ludwin LLC increased its position in shares of American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of American Water Works in the fourth quarter worth $25,000. Transamerica Financial Advisors LLC increased its position in shares of American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of American Water Works in the fourth quarter worth $27,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of American Water Works in the first quarter worth $27,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Company 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.