Amundi Boosts Position in American Water Works Company, Inc. $AWK

Amundi grew its position in American Water Works Company, Inc. (NYSE:AWK) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,926,541 shares of the utilities provider’s stock after buying an additional 179,127 shares during the quarter. Amundi owned 2.01% of American Water Works worth $559,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after acquiring an additional 3,327,352 shares during the last quarter. Norges Bank purchased a new stake in shares of American Water Works in the second quarter valued at about $344,645,000. Groupama Asset Managment grew its position in shares of American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 802,639 shares during the last quarter. Nuveen LLC purchased a new position in shares of American Water Works during the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON raised its position in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after purchasing an additional 549,002 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE AWK opened at $128.89 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $25.15 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 3.37 and a beta of 0.76. The business’s 50-day moving average price is $134.71 and its 200 day moving average price is $139.09. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s payout ratio is currently 58.17%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AWK shares. Wells Fargo & Company assumed coverage on American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price on the stock. TD Cowen started coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective on the stock. UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Monday. Finally, Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and raised their price target for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.00.

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.