American Water Works Company, Inc. $AWK Stock: Assenagon Asset Management S.A. Grows Holdings

Key Points

• Assenagon Asset Management increased its American Water Works stake by 78.4% in the third quarter, bringing its holdings to 272,648 shares worth approximately $35.3 million. Institutional investors collectively own 86.58% of AWK.
• American Water Works reported quarterly earnings of $1.61 per share, exceeding the $1.53 analyst consensus, while revenue rose 6.2% year over year to $1.35 billion. The company guided to fiscal 2026 earnings of $6.02–$6.12 per share.
• AWK recently declared a quarterly dividend of $0.895 per share, equivalent to an annualized $3.58 payout and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $137.12.

Assenagon Asset Management S.A. lifted its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,648 shares of the utilities provider's stock after buying an additional 119,819 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of American Water Works worth $35,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Ninety One SA Pty Ltd acquired a new position in American Water Works in the third quarter valued at about $6,600,000. State of Alaska Department of Revenue lifted its position in American Water Works by 62.8% during the third quarter. State of Alaska Department of Revenue now owns 31,156 shares of the utilities provider's stock worth $4,034,000 after purchasing an additional 12,022 shares during the period. Turtle Creek Wealth Advisors LLC grew its stake in American Water Works by 51.1% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 4,103 shares of the utilities provider's stock worth $583,000 after buying an additional 1,388 shares in the last quarter. Curated Wealth Partners LLC acquired a new stake in American Water Works during the third quarter worth about $813,000. Finally, Triangle Securities Wealth Management acquired a new stake in American Water Works during the third quarter worth about $551,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Up 1.5%

Shares of NYSE AWK opened at $135.04 on Friday. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.75 and a beta of 0.58. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64. The stock has a 50-day moving average price of $134.90 and a two-hundred day moving average price of $131.95.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.8950 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. American Water Works's dividend payout ratio is presently 62.05%.

Analyst Ratings Changes

Several research firms have commented on AWK. UBS Group decreased their target price on shares of American Water Works from $162.00 to $153.00 and set a "buy" rating on the stock in a report on Friday. Barclays upped their price target on shares of American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Bank of America reiterated a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised shares of American Water Works from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.12.

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.