Sumitomo Mitsui Trust Group Inc. trimmed its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 437,292 shares of the utilities provider's stock after selling 12,735 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of American Water Works worth $57,067,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of American Water Works in the third quarter worth $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of American Water Works in the third quarter worth $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of American Water Works in the third quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in shares of American Water Works in the third quarter worth $29,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of American Water Works in the third quarter worth $33,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective 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. Bank of America upgraded shares of American Water Works from an "underperform" rating to a "neutral" rating and upped their target price for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a research note on Friday, March 27th. UBS Group set a $149.00 target price on shares of American Water Works in a research note on Wednesday, December 17th. Finally, Barclays cut their target price on shares of American Water Works from $134.00 to $122.00 and set an "underweight" rating for the company in a research note 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $140.89.
Check Out Our Latest Analysis on American Water Works
American Water Works Price Performance
NYSE:AWK opened at $130.03 on Thursday. The stock has a market cap of $25.39 billion, a P/E ratio of 22.85, a PEG ratio of 2.94 and a beta of 0.74. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $150.51. The company has a fifty day moving average price of $134.29 and a 200 day moving average price of $133.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44.
American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.04). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. American Water Works had a net margin of 21.61% and a return on equity of 10.38%. American Water Works's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.15 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.
About American Water Works
(
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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