CoreCap Advisors LLC Raises Holdings in American Water Works Company, Inc. $AWK

CoreCap Advisors LLC raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,533 shares of the utilities provider’s stock after acquiring an additional 4,372 shares during the period. CoreCap Advisors LLC’s holdings in American Water Works were worth $3,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AWK. American National Bank & Trust acquired a new position in shares of American Water Works in the 3rd quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works during the second quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in American Water Works during the second quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the second quarter worth approximately $29,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of American Water Works in the first quarter worth $30,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on AWK. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. Barclays cut their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company started coverage on American Water Works in a research report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price for the company. UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. Finally, TD Cowen started 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. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.44.

American Water Works Price Performance

Shares of AWK opened at $127.32 on Thursday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. 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 firm has a market cap of $24.85 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 3.13 and a beta of 0.76. The stock has a 50 day moving average of $130.16 and a 200-day moving average of $137.21.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. 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, analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a yield of 2.6%. American Water Works’s dividend payout ratio is 58.17%.

About American Water Works

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.