Confluence Investment Management LLC Reduces Stake in American Water Works Company, Inc. $AWK

Confluence Investment Management LLC lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,993 shares of the utilities provider’s stock after selling 68,837 shares during the quarter. American Water Works comprises approximately 1.6% of Confluence Investment Management LLC’s investment portfolio, making the stock its 22nd largest holding. Confluence Investment Management LLC owned 0.41% of American Water Works worth $103,486,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in American Water Works by 14.5% in the third quarter. New York State Common Retirement Fund now owns 350,471 shares of the utilities provider’s stock valued at $48,782,000 after purchasing an additional 44,336 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of American Water Works by 5.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock valued at $11,967,000 after buying an additional 4,553 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Water Works by 31.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock valued at $19,000,000 after buying an additional 32,834 shares during the last quarter. Swedbank AB lifted its holdings in shares of American Water Works by 88.5% in the 3rd quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock valued at $35,829,000 after buying an additional 120,890 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of American Water Works by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock valued at $16,242,000 after buying an additional 7,831 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on AWK shares. UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $117.00 to $139.00 in a research note on Monday, January 12th. Wells Fargo & Company cut their target price on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Finally, Barclays decreased 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 investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $140.89.

American Water Works Price Performance

Shares of American Water Works stock opened at $137.02 on Friday. The firm has a market cap of $26.76 billion, a PE ratio of 24.08, a P/E/G ratio of 3.19 and a beta of 0.77. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $131.94 and a 200 day moving average price of $133.51.

American Water Works (NYSE:AWK) last issued its quarterly earnings data 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 business had revenue of $1.27 billion during 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%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works 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.