JPMorgan Chase & Co. Issues Positive Forecast for American Water Works (NYSE:AWK) Stock Price

American Water Works (NYSE:AWK) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $138.00 to $147.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 9.28% from the stock’s previous close.

AWK has been the topic of a number of other research reports. Truist Financial cut their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Wells Fargo & Company set a $131.00 price target on American Water Works in a research report on Tuesday, April 21st. UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Barclays upped their price objective on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research note on Monday, April 20th. Finally, Bank of America cut their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $140.00.

American Water Works Stock Performance

AWK traded down $0.30 during trading hours on Wednesday, hitting $134.52. 178,716 shares of the stock were exchanged, compared to its average volume of 1,962,221. The stock has a market cap of $26.27 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.89 and a beta of 0.61. The stock has a 50-day simple moving average of $127.03 and a 200-day simple moving average of $130.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works has a 12 month low of $120.57 and a 12 month high of $147.87.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts anticipate that American Water Works will post 6.08 earnings per share for the current year.

Institutional Trading of American Water Works

A number of hedge funds and other institutional investors have recently modified their holdings of AWK. State Street Corp raised its position in American Water Works by 4.2% in the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock worth $1,570,936,000 after acquiring an additional 486,090 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after purchasing an additional 6,882,575 shares in the last quarter. GQG Partners LLC grew its stake in shares of American Water Works by 64.2% in the 4th quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after purchasing an additional 2,539,683 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Water Works by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock worth $655,025,000 after purchasing an additional 33,359 shares in the last quarter. Finally, Amundi raised its holdings in shares of American Water Works by 4.3% in the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock worth $592,081,000 after purchasing an additional 179,127 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

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.