ABN Amro Investment Solutions Reduces Stock Position in American Water Works Company, Inc. $AWK

ABN Amro Investment Solutions trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,236 shares of the utilities provider’s stock after selling 12,427 shares during the quarter. ABN Amro Investment Solutions’ holdings in American Water Works were worth $25,739,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AWK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of American Water Works by 383.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock worth $361,355,000 after buying an additional 2,058,656 shares during the period. Impax Asset Management Group plc lifted its stake in shares of American Water Works by 38.0% during the 4th quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock worth $311,487,000 after purchasing an additional 657,849 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock worth $3,650,543,000 after purchasing an additional 597,916 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of American Water Works by 81.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,043,899 shares of the utilities provider’s stock worth $145,217,000 after purchasing an additional 469,641 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of American Water Works during the 3rd quarter worth $45,769,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 1.4%

Shares of NYSE:AWK opened at $122.40 on Thursday. The business’s 50-day moving average is $132.79 and its 200 day moving average is $131.34. American Water Works Company, Inc. has a 1 year low of $121.28 and a 1 year high of $147.87. The firm has a market capitalization of $23.90 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34.

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

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th will be issued a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 12th. American Water Works’s dividend payout ratio is currently 63.48%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AWK shares. UBS Group decreased their price objective on American Water Works from $149.00 to $137.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Barclays upped their price objective on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research note on Monday, April 20th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Truist Financial started coverage on American Water Works in a research note on Tuesday, April 21st. They set a “hold” rating and a $137.00 price objective for the company. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.11.

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.