Bridgefront Capital LLC Makes New $524,000 Investment in American Water Works Company, Inc. $AWK

Bridgefront Capital LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,767 shares of the utilities provider’s stock, valued at approximately $524,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of American Water Works by 3.7% during the third quarter. Bank of America Corp DE now owns 2,779,526 shares of the utilities provider’s stock worth $386,882,000 after buying an additional 98,042 shares during the period. Bank of Nova Scotia increased its position in shares of American Water Works by 16.8% in the 3rd quarter. Bank of Nova Scotia now owns 26,809 shares of the utilities provider’s stock valued at $3,732,000 after acquiring an additional 3,851 shares during the period. Aquatic Capital Management LLC raised its stake in American Water Works by 180.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 98,938 shares of the utilities provider’s stock worth $13,771,000 after acquiring an additional 63,693 shares during the last quarter. Ameriprise Financial Inc. raised its stake in American Water Works by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,871,808 shares of the utilities provider’s stock worth $259,831,000 after acquiring an additional 40,696 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in American Water Works during the 3rd quarter worth about $4,425,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of several research analyst reports. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $117.00 to $139.00 in a research note on Monday, January 12th. UBS Group set a $149.00 price objective on American Water Works in a research note on Wednesday, December 17th. Wells Fargo & Company dropped their target price on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Barclays cut their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.89.

American Water Works Trading Down 0.3%

Shares of AWK stock opened at $139.20 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.26 and a beta of 0.77. The stock has a 50 day simple moving average of $131.41 and a 200-day simple moving average of $133.50. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.04). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. American Water Works had a net margin of 21.61% and a return on equity of 10.38%. American Water Works’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

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.