Cidel Asset Management Inc. lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 33.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,947 shares of the utilities provider's stock after selling 7,623 shares during the period. Cidel Asset Management Inc.'s holdings in American Water Works were worth $1,951,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AWK. American National Bank & Trust acquired a new stake in shares of American Water Works in the third quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC bought a new position in shares of American Water Works during the 3rd quarter worth approximately $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of American Water Works during the 3rd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of American Water Works during the 3rd quarter worth approximately $29,000. Finally, Westfuller Advisors LLC bought a new stake in American Water Works in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 86.58% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AWK. Bank of America raised American Water Works from an "underperform" rating to a "neutral" rating and raised their price target for the company from $117.00 to $139.00 in a report on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research report on Friday, March 27th. Wells Fargo & Company cut their target price on shares of American Water Works from $142.00 to $126.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 20th. UBS Group set a $149.00 price target on shares of American Water Works in a research note on Wednesday, December 17th. Finally, Barclays lowered their price target on shares of American Water Works from $134.00 to $122.00 and set an "underweight" rating on the stock in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.89.
Get Our Latest Report on American Water Works
American Water Works Stock Down 0.2%
AWK stock opened at $137.93 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.22 and a beta of 0.74. The business's fifty day moving average price is $133.08 and its two-hundred day moving average price is $133.17. American Water Works Company, Inc. has a fifty-two week low of $121.28 and a fifty-two week high of $155.50.
American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.04). American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $1.15 EPS. The company's revenue was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.
American Water Works Company Profile
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Free Report)
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.
See Also
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