American Water Works Company, Inc. $AWK Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,504 shares of the utilities provider’s stock after buying an additional 32,834 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Water Works were worth $19,000,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AWK. Werlinich Asset Management LLC increased its position in shares of American Water Works by 1.9% during the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 75 shares during the period. Obermeyer Wealth Partners grew its stake in American Water Works by 3.4% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 76 shares in the last quarter. Birchcreek Wealth Management LLC increased its holdings in American Water Works by 5.4% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 80 shares during the period. Cahaba Wealth Management Inc. increased its holdings in American Water Works by 0.4% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock worth $2,958,000 after purchasing an additional 80 shares during the period. Finally, Safe Harbor Fiduciary LLC raised its position in American Water Works by 2.7% in the 2nd quarter. Safe Harbor Fiduciary LLC now owns 3,075 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 81 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 1.0%

Shares of NYSE:AWK opened at $127.94 on Friday. The firm has a 50 day simple moving average of $130.20 and a 200-day simple moving average of $137.01. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $24.97 billion, a PE ratio of 22.49, a P/E/G ratio of 3.10 and a beta of 0.76.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $1.80 EPS. American Water Works’s revenue for the quarter was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s payout ratio is presently 58.17%.

Analyst Ratings Changes

AWK has been the subject of a number of analyst reports. TD Cowen assumed coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective for the company. Mizuho set a $145.00 price target on shares of American Water Works in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Barclays decreased their price objective on shares of 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. Finally, UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.44.

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.