Covea Finance Has $23.34 Million Stock Holdings in American Water Works Company, Inc. $AWK

Key Points

• Covea Finance increased its holdings in American Water Works Company, Inc. by 3.9%, now owning approximately 0.09% of the company valued at $23.34 million.
• Several institutional investors increased their stakes in American Water Works, with 86.58% of the company's stock now held by these entities.
• Analysts have mixed ratings for the stock, with a consensus price target of $141.13 and various ratings ranging from "Buy" to "Sell."

Covea Finance lifted its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,767 shares of the utilities provider's stock after buying an additional 6,300 shares during the period. Covea Finance owned about 0.09% of American Water Works worth $23,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AWK. Woodline Partners LP acquired a new stake in shares of American Water Works in the fourth quarter worth $1,457,000. Voloridge Investment Management LLC acquired a new stake in American Water Works during the fourth quarter valued at $4,648,000. Public Employees Retirement System of Ohio acquired a new stake in American Water Works during the fourth quarter valued at $8,342,000. Toronto Dominion Bank boosted its position in American Water Works by 23.7% during the fourth quarter. Toronto Dominion Bank now owns 119,282 shares of the utilities provider's stock valued at $14,849,000 after purchasing an additional 22,855 shares during the last quarter. Finally, Ascent Group LLC boosted its position in American Water Works by 3.9% during the fourth quarter. Ascent Group LLC now owns 12,147 shares of the utilities provider's stock valued at $1,512,000 after purchasing an additional 460 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Analysts Set New Price Targets

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

American Water Works Stock Performance

AWK stock opened at $135.09 on Tuesday. 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 50 day moving average price of $141.80 and a 200 day moving average price of $142.59. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The stock has a market capitalization of $26.36 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works's payout ratio is presently 59.64%.

American Water Works Profile

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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