GAMMA Investing LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 190.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,167 shares of the utilities provider's stock after acquiring an additional 10,603 shares during the quarter. GAMMA Investing LLC's holdings in American Water Works were worth $2,093,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Green Alpha Advisors LLC grew its stake in American Water Works by 64.6% during the third quarter. Green Alpha Advisors LLC now owns 2,872 shares of the utilities provider's stock worth $372,000 after buying an additional 1,127 shares during the period. Farther Finance Advisors LLC grew its position in American Water Works by 80.6% in the third quarter. Farther Finance Advisors LLC now owns 10,691 shares of the utilities provider's stock valued at $1,384,000 after acquiring an additional 4,772 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of American Water Works by 21.1% during the third quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 79 shares during the period. Fenimore Asset Management Inc purchased a new stake in shares of American Water Works during the third quarter valued at approximately $16,391,000. Finally, Everhart Financial Group Inc. boosted its stake in shares of American Water Works by 20.6% in the third quarter. Everhart Financial Group Inc. now owns 4,140 shares of the utilities provider's stock valued at $536,000 after purchasing an additional 706 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.
American Water Works Stock Performance
Shares of AWK stock opened at $128.81 on Friday. 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 moving average of $135.10 and a two-hundred day moving average of $132.08. The company has a market cap of $25.60 billion, a P/E ratio of 22.32, a PEG ratio of 2.61 and a beta of 0.58. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64.
American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The business's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.8950 per share. 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 (DPR) is currently 62.05%.
Analyst Ratings Changes
Several research firms recently issued reports on AWK. Mizuho lifted their price target on shares of American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. UBS Group raised their target price on American Water Works from $156.00 to $162.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Truist Financial set a $139.00 price objective on American Water Works in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded American Water Works from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works has an average rating of "Hold" and a consensus target price of $140.11.
Check Out Our Latest Research Report on American Water Works
About American Water Works
(
Free Report)
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.
Recommended Stories
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.
Before you consider American Water Works, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Water Works wasn't on the list.
While American Water Works currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.