Covea Finance Boosts Stock Holdings in American Water Works Company, Inc. $AWK

Covea Finance boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,167 shares of the utilities provider’s stock after purchasing an additional 6,400 shares during the period. Covea Finance owned about 0.09% of American Water Works worth $24,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Werlinich Asset Management LLC lifted its holdings in shares of American Water Works by 1.9% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock valued at $563,000 after buying an additional 75 shares during the period. Obermeyer Wealth Partners raised its position in American Water Works by 3.4% in the second quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 76 shares in the last quarter. Birchcreek Wealth Management LLC lifted its holdings in American Water Works by 5.4% in the second quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 80 shares during the period. Safe Harbor Fiduciary LLC lifted its holdings in American Water Works by 2.7% in the second quarter. Safe Harbor Fiduciary LLC now owns 3,075 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 81 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of American Water Works by 1.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AWK. TD Cowen began coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target for the company. Barclays dropped their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Monday. Mizuho set a $145.00 price objective on American Water Works in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company began coverage on American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $141.44.

American Water Works Trading Down 0.1%

Shares of AWK opened at $130.66 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 3.38 and a beta of 0.76. The firm has a 50 day simple moving average of $132.10 and a 200-day simple moving average of $137.93.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.American Water Works’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

About American Water Works

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.