PFA Pension Forsikringsaktieselskab acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 59,184 shares of the utilities provider's stock, valued at approximately $7,761,000.
Several other institutional investors also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in American Water Works by 383.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider's stock worth $361,355,000 after acquiring an additional 2,058,656 shares during the period. Impax Asset Management Group plc boosted its stake in shares of American Water Works by 38.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider's stock worth $311,487,000 after acquiring an additional 657,849 shares during the last quarter. Vanguard Group Inc. boosted its stake in American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider's stock worth $3,650,543,000 after purchasing an additional 597,916 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of American Water Works by 81.8% in the second quarter. Raymond James Financial Inc. now owns 1,043,899 shares of the utilities provider's stock valued at $145,217,000 after buying an additional 469,641 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in American Water Works in the 3rd quarter worth approximately $45,769,000. 86.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on AWK. Truist Financial initiated coverage on American Water Works in a research note on Tuesday, April 21st. They set a "hold" rating and a $137.00 price objective on the stock. Bank of America upgraded American Water Works from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $117.00 to $139.00 in a report on Monday, January 12th. Weiss Ratings restated a "hold (c)" rating on shares of American Water Works in a research report on Friday, March 27th. Barclays lifted their price target on shares of American Water Works from $122.00 to $124.00 and gave the company an "underweight" rating in a research report on Monday, April 20th. Finally, Wall Street Zen raised American Water Works from a "strong sell" rating to a "sell" rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $140.44.
Get Our Latest Analysis on AWK
American Water Works Trading Down 0.4%
Shares of American Water Works stock opened at $126.85 on Tuesday. The company has a fifty day simple moving average of $135.05 and a 200-day simple moving average of $132.55. American Water Works Company, Inc. has a 12-month low of $121.28 and a 12-month high of $150.51. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.81 and a beta of 0.64.
American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm earned $1.05 earnings per share. American Water Works's revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.
American Water Works Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th will be paid a dividend of $0.895 per share. The ex-dividend date is Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.8%. This is an increase from American Water Works's previous quarterly dividend of $0.83. American Water Works's dividend payout ratio (DPR) is currently 58.69%.
American Water Works Company Profile
(
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.
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