Assenagon Asset Management S.A. Has $1.74 Million Holdings in American Water Works Company, Inc. $AWK

Key Points

• Assenagon Asset Management S.A. reduced its stake in American Water Works by 90.6%, selling 120,772 shares, leaving them with a total of 12,482 shares valued at approximately $1.74 million.
• Several institutional investors, including Oliver Lagore Vanvalin Investment Group and Cloud Capital Management, recently acquired new positions in American Water Works, which has a strong institutional ownership of 86.58%.
• Analysts have mixed opinions on American Water Works, with price targets varying significantly; for instance, Argus has set a target of $160.00, while Barclays lowered theirs to $128.00.

Assenagon Asset Management S.A. lessened its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 90.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,482 shares of the utilities provider's stock after selling 120,772 shares during the quarter. Assenagon Asset Management S.A.'s holdings in American Water Works were worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works during the second quarter worth $28,000. Cloud Capital Management LLC acquired a new position in American Water Works during the first quarter worth $29,000. WPG Advisers LLC acquired a new position in American Water Works during the first quarter worth $29,000. Flaharty Asset Management LLC acquired a new position in American Water Works during the first quarter worth $30,000. Finally, Wayfinding Financial LLC acquired a new position in American Water Works during the first quarter worth $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AWK. Argus increased their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. UBS Group reduced their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Mizuho increased their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Wells Fargo & Company reduced their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Barclays cut their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $141.13.

American Water Works Stock Performance

Shares of AWK stock opened at $136.32 on Friday. The stock has a market cap of $26.60 billion, a P/E ratio of 24.56, a P/E/G ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company has a fifty day moving average price of $141.34 and a two-hundred day moving average price of $142.36. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works's dividend payout ratio is presently 59.64%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

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