Sumitomo Mitsui Trust Group Inc. lessened its holdings in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,539 shares of the utilities provider’s stock after selling 12,702 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of American Water Works worth $52,505,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of American Water Works during the 2nd quarter worth approximately $2,712,173,000. GQG Partners LLC purchased a new stake in American Water Works in the 2nd quarter valued at approximately $1,171,477,000. Wellington Management Group LLP lifted its stake in American Water Works by 35.2% in the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after buying an additional 3,883,057 shares in the last quarter. Legal & General Group Plc acquired a new stake in American Water Works during the 2nd quarter valued at $443,787,000. Finally, Bank of America Corp DE acquired a new stake in American Water Works during the 2nd quarter valued at $367,632,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.
American Water Works News Summary
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: West Virginia American Water announced an $850,000 infrastructure project on Old Route 38 in Fayetteville, following a separate $700,000 project in Glen Jean. The investments support ongoing system upgrades, though their direct financial impact is likely limited. West Virginia American Water Announces $850,000 Infrastructure Investment Project on Old Route 38 West Virginia American Water Announces $700,000 Infrastructure Project in Glen Jean
- Positive Sentiment: Huntington Securities forecasts EPS of $6.58 for FY2027 and $7.12 for FY2028, suggesting continued earnings growth. Its FY2026 estimate of $6.09 is in line with the cited consensus, so the forecasts are supportive but not a clear near-term earnings upgrade. American Water Works earnings estimates
- Neutral Sentiment: Wall Street brokerages collectively rated AWK “Hold,” indicating a broadly cautious or balanced view rather than a strong bullish or bearish consensus. American Water Works Company, Inc. Stock Rated “Hold” by Wall Street Brokerages
Analysts Set New Price Targets
Several equities analysts have weighed in on AWK shares. Truist Financial set a $139.00 price target on American Water Works in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Mizuho set a $149.00 price objective on American Water Works in a research report on Friday, October 30th. Finally, Barclays cut their target price on shares of American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.86.
Read Our Latest Stock Analysis on American Water Works
American Water Works Stock Up 2.1%
Shares of NYSE AWK opened at $149.43 on Thursday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $149.68. The firm’s 50 day moving average price is $136.16 and its 200 day moving average price is $132.67. The firm has a market cap of $29.75 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.39.
American Water Works (NYSE:AWK – Get Free Report) last released its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.04). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.
American Water Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Thursday, November 12th will be given a $0.8950 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works’s payout ratio is currently 62.05%.
About American Water Works
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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