126,604 Shares of American Water Works Company, Inc. $AWK Purchased by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management acquired 126,604 shares of American Water Works, valued at approximately $16.4 million. Institutional investors collectively own 86.58% of the company.
• Analysts maintain a largely neutral view of AWK, with one Buy, eight Hold, and one Sell rating; the consensus price target is $140.11.
• American Water Works reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 6.2% year over year to $1.35 billion. The company also pays a quarterly dividend of $0.895, representing a 2.8% annualized yield.

Fenimore Asset Management Inc acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 126,604 shares of the utilities provider's stock, valued at approximately $16,391,000. Fenimore Asset Management Inc owned 0.06% of American Water Works as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Everhart Financial Group Inc. grew its holdings in American Water Works by 20.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 4,140 shares of the utilities provider's stock valued at $536,000 after buying an additional 706 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in shares of American Water Works by 2.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 15,077 shares of the utilities provider's stock valued at $1,952,000 after acquiring an additional 300 shares during the period. Applied Capital LLC FL bought a new stake in shares of American Water Works in the third quarter valued at approximately $319,000. Venture Visionary Partners LLC boosted its position in shares of American Water Works by 14.3% in the third quarter. Venture Visionary Partners LLC now owns 2,464 shares of the utilities provider's stock valued at $319,000 after acquiring an additional 309 shares during the period. Finally, Canandaigua National Trust Co of Florida acquired a new stake in shares of American Water Works in the third quarter worth $942,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AWK shares. JPMorgan Chase & Co. upped their target price on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. UBS Group boosted their price objective on shares of American Water Works from $156.00 to $162.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Barclays increased their target price on shares of American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research note on Wednesday, July 15th. Truist Financial set a $139.00 price target on American Water Works in a research note on Tuesday, August 4th. Finally, Mizuho upped their price target on American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $140.11.

American Water Works Price Performance

AWK traded up $0.89 during midday trading on Thursday, reaching $128.27. 2,123,546 shares of the company's stock were exchanged, compared to its average volume of 2,009,134. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The business has a 50-day simple moving average of $135.39 and a two-hundred day simple moving average of $132.16. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $1.48 EPS. American Water Works's revenue was up 6.2% 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 predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.8%. American Water Works's dividend payout ratio is presently 62.05%.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.