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

Assenagon Asset Management S.A. cut its position in American Water Works Company, Inc. (NYSE:AWK) by 48.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,290 shares of the utilities provider’s stock after selling 26,150 shares during the quarter. Assenagon Asset Management S.A.’s holdings in American Water Works were worth $3,692,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock valued at $3,650,543,000 after purchasing an additional 597,916 shares during the period. State Street Corp boosted its holdings in American Water Works by 1.1% in the 3rd quarter. State Street Corp now owns 11,551,733 shares of the utilities provider’s stock worth $1,607,886,000 after buying an additional 120,870 shares during the period. Amundi boosted its holdings in American Water Works by 4.8% in the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock worth $559,951,000 after buying an additional 179,127 shares during the period. Invesco Ltd. grew its stake in 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 buying an additional 494,868 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in American Water Works by 3.7% during the 3rd quarter. Bank of America Corp DE now owns 2,779,526 shares of the utilities provider’s stock valued at $386,882,000 after acquiring an additional 98,042 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AWK shares. Wells Fargo & Company dropped their target price 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. Barclays reduced their price target on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $117.00 to $139.00 in a research note on Monday, January 12th. Finally, UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $140.89.

American Water Works Stock Up 0.1%

Shares of NYSE:AWK opened at $136.95 on Monday. The firm has a fifty day moving average price of $132.47 and a two-hundred day moving average price of $133.18. The company has a market cap of $26.74 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.19 and a beta of 0.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share 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 period in the previous year, the company posted $1.15 EPS. The company’s revenue for the quarter 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. Analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

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.