Perigon Wealth Management LLC Has $942,000 Stock Holdings in American Water Works Company, Inc. $AWK

Perigon Wealth Management LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 245.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,216 shares of the utilities provider’s stock after purchasing an additional 5,127 shares during the period. Perigon Wealth Management LLC’s holdings in American Water Works were worth $942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC increased its stake in American Water Works by 11.5% in the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP lifted its stake in American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of American Water Works in the second quarter worth about $302,000. CW Advisors LLC boosted its holdings in shares of American Water Works by 10.1% in the second quarter. CW Advisors LLC now owns 11,784 shares of the utilities provider’s stock worth $1,639,000 after buying an additional 1,077 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of American Water Works by 202.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,683 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $117.00 to $139.00 in a report on Monday, January 12th. UBS Group set a $149.00 target price on American Water Works in a research note on Wednesday, December 17th. Wells Fargo & Company decreased 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 research report on Tuesday, January 20th. Finally, Barclays lowered their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. One research 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, the stock has a consensus rating of “Hold” and an average target price of $140.89.

American Water Works Stock Down 0.1%

AWK stock opened at $137.95 on Tuesday. The company has a market cap of $26.94 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.22 and a beta of 0.74. 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 $150.51. The business’s 50-day simple moving average is $133.22 and its 200 day simple moving average is $133.19.

American Water Works (NYSE:AWK) last issued its 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 firm 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 business’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. On average, research 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.