LGT Capital Partners LTD. Acquires 7,700 Shares of American Water Works Company, Inc. $AWK

LGT Capital Partners LTD. increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 41.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,480 shares of the utilities provider’s stock after acquiring an additional 7,700 shares during the period. LGT Capital Partners LTD.’s holdings in American Water Works were worth $3,456,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB raised its holdings in American Water Works by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,219,816 shares of the utilities provider’s stock worth $290,729,000 after buying an additional 47,977 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in American Water Works by 5.6% in the third quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock worth $11,967,000 after buying an additional 4,553 shares during the last quarter. Aberdeen Group plc raised its holdings in American Water Works by 10.7% in the fourth quarter. Aberdeen Group plc now owns 489,371 shares of the utilities provider’s stock worth $63,863,000 after buying an additional 47,352 shares during the last quarter. TSP Capital Management Group LLC purchased a new position in American Water Works in the fourth quarter worth about $1,559,000. Finally, Reaves W H & Co. Inc. raised its holdings in American Water Works by 80.1% in the third quarter. Reaves W H & Co. Inc. now owns 281,145 shares of the utilities provider’s stock worth $39,133,000 after buying an additional 125,000 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Down 1.6%

AWK opened at $122.53 on Tuesday. 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 firm has a 50 day moving average price of $129.43 and a 200-day moving average price of $130.77. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.70 and a beta of 0.62.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $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. Equities research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.9%. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is presently 63.48%.

Analyst Ratings Changes

Several brokerages have issued reports on AWK. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a report on Tuesday, April 21st. Truist Financial decreased their price objective on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $137.00 to $140.00 in a report on Friday, May 29th. Barclays boosted their price objective on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Finally, Bank of America decreased their price objective on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average target price of $138.11.

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.