Robeco Schweiz AG cut its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,693 shares of the utilities provider’s stock after selling 8,257 shares during the quarter. Robeco Schweiz AG’s holdings in American Water Works were worth $24,042,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of American Water Works during the 1st quarter worth approximately $27,000. Harborfront Financial Group LLC purchased a new stake in American Water Works in the 2nd quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. lifted its stake in American Water Works by 73.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock valued at $30,000 after buying an additional 98 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in American Water Works in the 1st quarter valued at approximately $33,000. Finally, Lodestone Wealth Management LLC grew its holdings in American Water Works by 361.0% during the 3rd quarter. Lodestone Wealth Management LLC now owns 272 shares of the utilities provider’s stock valued at $35,000 after buying an additional 213 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Bank of America reissued a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Truist Financial set a $139.00 price objective on American Water Works in a research report on Tuesday, August 4th. Finally, Mizuho increased their price objective on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $136.75.
Read Our Latest Stock Analysis on American Water Works
American Water Works Stock Down 0.3%
Shares of NYSE AWK opened at $142.83 on Friday. The firm has a market cap of $28.38 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $144.14. The firm’s 50 day moving average price is $135.13 and its 200 day moving average price is $131.97.
American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. American Water Works’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.
American Water Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.5%. American Water Works’s payout ratio is currently 62.05%.
American Water Works Profile
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.
Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.
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