NewEdge Wealth LLC Buys Shares of 6,385 American Water Works Company, Inc. $AWK

NewEdge Wealth LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,385 shares of the utilities provider’s stock, valued at approximately $833,000.

A number of other hedge funds have also modified their holdings of AWK. Crossmark Global Holdings Inc. increased its position in American Water Works by 24.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,027 shares of the utilities provider’s stock worth $1,700,000 after purchasing an additional 2,519 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of American Water Works by 5.8% during the 4th quarter. Wesbanco Bank Inc. now owns 90,949 shares of the utilities provider’s stock valued at $11,869,000 after buying an additional 4,973 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in shares of American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock valued at $3,307,000 after buying an additional 10,760 shares during the last quarter. ASR Vermogensbeheer N.V. grew its stake in shares of American Water Works by 4.1% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 509,602 shares of the utilities provider’s stock valued at $66,501,000 after buying an additional 20,014 shares in the last quarter. Finally, MGO One Seven LLC grew its stake in shares of American Water Works by 38.4% in the 4th quarter. MGO One Seven LLC now owns 4,679 shares of the utilities provider’s stock valued at $611,000 after buying an additional 1,298 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Down 1.1%

Shares of American Water Works stock opened at $125.98 on Friday. American Water Works Company, Inc. has a 12-month low of $121.28 and a 12-month high of $147.87. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $133.81 and a two-hundred day moving average price of $131.58. The stock has a market capitalization of $24.60 billion, a P/E ratio of 22.34, a PEG ratio of 2.81 and a beta of 0.64.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th will be issued a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, May 12th. This represents a $3.58 annualized dividend and a yield of 2.8%. American Water Works’s payout ratio is 63.48%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial assumed coverage on shares of American Water Works in a research report on Tuesday, April 21st. They set a “hold” rating and a $137.00 price objective on the stock. UBS Group decreased their target price on shares of American Water Works from $149.00 to $137.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Barclays increased their price target on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research note on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $139.11.

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.