CoreCap Advisors LLC Cuts Position in American Water Works Company, Inc. $AWK

CoreCap Advisors LLC decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 98.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the utilities provider’s stock after selling 27,074 shares during the quarter. CoreCap Advisors LLC’s holdings in American Water Works were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Werlinich Asset Management LLC grew its holdings in shares of American Water Works by 1.9% in the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 75 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in American Water Works by 2.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,856 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 77 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in American Water Works by 3.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 2,269 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 77 shares in the last quarter. Cahaba Wealth Management Inc. lifted its position in American Water Works by 0.4% during the third quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 80 shares during the last quarter. Finally, Faithward Advisors LLC lifted its position in American Water Works by 5.4% during the third quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 82 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWK. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $117.00 to $139.00 in a report on Monday, January 12th. UBS Group set a $149.00 price target on shares of American Water Works in a report on Wednesday, December 17th. Wells Fargo & Company dropped their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Finally, Barclays decreased 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. One equities research 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.com, American Water Works presently has a consensus rating of “Hold” and an average price target of $140.89.

American Water Works Trading Down 0.2%

AWK stock opened at $137.93 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.22 and a beta of 0.74. The firm’s fifty day simple moving average is $133.08 and its two-hundred day simple moving average is $133.19.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.04). American Water Works had a return on equity of 10.38% and a net margin of 21.61%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $1.15 EPS. American Water Works’s revenue was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

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.