Assenagon Asset Management S.A. Has $7.58 Million Stock Position in American Water Works Company, Inc. $AWK

Assenagon Asset Management S.A. lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 336.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,440 shares of the utilities provider’s stock after purchasing an additional 41,958 shares during the period. Assenagon Asset Management S.A.’s holdings in American Water Works were worth $7,578,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in American Water Works by 881.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after acquiring an additional 3,327,352 shares in the last quarter. Norges Bank bought a new position in shares of American Water Works in the 2nd quarter valued at about $344,645,000. BROOKFIELD Corp ON increased its stake 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. Invesco Ltd. raised its holdings in shares of American Water Works by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock valued at $478,817,000 after purchasing an additional 494,868 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of American Water Works by 928.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 531,260 shares of the utilities provider’s stock valued at $73,904,000 after purchasing an additional 479,586 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 price target on the stock. UBS Group set a $149.00 target price on American Water Works in a research note on Wednesday. Wells Fargo & Company started 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. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and raised their price target for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Barclays reduced their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Water Works has an average rating of “Hold” and a consensus price target of $141.44.

American Water Works Trading Down 2.1%

Shares of American Water Works stock opened at $130.28 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. The firm has a 50-day moving average of $132.96 and a 200-day moving average of $138.16. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The stock has a market cap of $25.43 billion, a PE ratio of 22.90, a PEG ratio of 3.35 and a beta of 0.76.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. American Water Works’s dividend payout ratio is currently 58.17%.

American Water Works Company Profile

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.