Citigroup Inc. Raises Holdings in American Water Works Company, Inc. $AWK

Citigroup Inc. increased its position in American Water Works Company, Inc. (NYSE:AWK) by 74.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,383 shares of the utilities provider’s stock after buying an additional 188,062 shares during the period. Citigroup Inc. owned 0.23% of American Water Works worth $61,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in American Water Works in the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of American Water Works in the third quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in American Water Works in the third quarter worth $28,000. Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the second quarter valued at $29,000. Finally, Cloud Capital Management LLC bought a new position in American Water Works during the third quarter valued at $29,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

AWK stock opened at $132.83 on Tuesday. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $155.50. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.02 and a beta of 0.77. The business’s fifty day simple moving average is $129.89 and its two-hundred day simple moving average is $134.38. 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 (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.04). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. American Water Works had a return on equity of 10.38% and a net margin of 21.61%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AWK shares. Barclays reduced their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Wells Fargo & Company decreased their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Mizuho set a $145.00 target price on American Water Works in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.89.

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.