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

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

Several other hedge funds also recently modified their holdings of AWK. New York State Common Retirement Fund lifted its stake in shares of American Water Works by 14.5% in the third quarter. New York State Common Retirement Fund now owns 350,471 shares of the utilities provider’s stock valued at $48,782,000 after buying an additional 44,336 shares during the period. Wesbanco Bank Inc. increased its stake in American Water Works by 5.6% during the third quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock valued at $11,967,000 after acquiring an additional 4,553 shares during the period. Nordea Investment Management AB raised its holdings in American Water Works by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,219,816 shares of the utilities provider’s stock valued at $290,729,000 after acquiring an additional 47,977 shares in the last quarter. Aberdeen Group plc raised its holdings in American Water Works by 10.7% in the 4th quarter. Aberdeen Group plc now owns 489,371 shares of the utilities provider’s stock valued at $63,863,000 after acquiring an additional 47,352 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of American Water Works by 199.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 17,764 shares of the utilities provider’s stock worth $2,473,000 after acquiring an additional 11,829 shares during the period. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Wells Fargo & Company set a $131.00 target price on American Water Works in a research report on Tuesday, April 21st. Barclays lifted 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. Truist Financial began coverage on shares of American Water Works in a report on Tuesday, April 21st. They issued a “hold” rating and a $137.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $139.11.

American Water Works Trading Down 1.1%

AWK stock opened at $125.98 on Friday. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $147.87. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $133.81 and its 200-day moving average is $131.58. The firm has a market cap of $24.60 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.81 and a beta of 0.64.

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

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This is a boost from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.8%. American Water Works’s dividend payout ratio (DPR) is 63.48%.

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.